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, and those that work with them, might find helpful to consider when implementing the rule.”
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 assist a business in determining whether it will be subject to the rule, and details…