The CFPB has issued a Small Entity Compliance Guide on the ability to repay and qualified mortgage rule. According to the 45-page guide, it is intended to provide “an easy-to-use summary” of the rule and “highlights issues that small creditors, …
compliance guide
CFPB issues remittance transfer rule compliance guide for small businesses
By Barbara S. Mishkin on
Posted in CFPB Rulemaking, Regulatory and Enforcement
The CFPB has issued a Small Entity Compliance Guide to assist small businesses in complying with the remittance transfer rule. The final rule takes effect on February 7, 2013. The guide includes a summary of the remittance rule, information to …