WASHINGTON (5/18/15)--A list of final rule effective dates through the end of the year, as well the latest on CUNA compliance staff Q-and-A posts, highlight this month’s Comp Blog Wrap-Up. The Wrap-Up is a monthly recap of the top posts from CUNA’s CompBlog.
Both the Consumer Financial Protection Bureau’s (CFPB) temporary suspension of credit card agreement submission obligations and the bureau’s homeownership counseling rules became effective in April.
Effective dates through the rest of the year include:
Another joint federal financial regulators rule that sets minimum requirements for state registration and supervision of appraisal management companies will become effective 60 days after it is published in the Federal Register, which is expected shortly.
The Wrap-Up also breaks down the Q-and-A posts from CUNA compliance staff during the month of April, most of which concern the TRID rule.
During the month of April, staff answered questions on revised loan estimate, the Equal Credit Opportunity Act appraisal disclosure, whether revisions are needed after a refund, vendor test software, emailed loan estimates and mortgage application fees.
Other items included in the Wrap-Up include: