Compliance Action, Volume 26, Number 7

Regulations
Overdraft Protection Regulations and Guidance (3 Action Steps)

By Nancy Castiglione, CRCM

With new leaders at the helm of the CFPB and OCC, regulators are taking another look at overdraft protection services and their impact on consumers.

FinCEN
Geographic Targeting Orders Regulation Revised (2 Action Steps)

By Nancy Castiglione, CRCM

FinCEN is updating its GTO regulations for residential real estate transactions.

Action Training
Thresholds and Exemption Levels (Chart)

By Nancy Castiglione, CRCM

The CFPB has updated additional thresholds and exemption levels for 2022.

Compliance Calendar

Editorial
Overdraft Protection

By Nancy Castiglione, CRCM

While it has garnered increased attention from regulators recently, overdraft protection in and of itself doesn't generally represent a significant harm to consumers.

Compliance Notes

• Fed Fee Increases
• NCUA Chartering and Field of Membership Rules
• CFPB Issues FCRA Advisory Opinion on Name Only Matching Procedures

RESPA
RESPA Mortgage Servicing: Back to Full Enforcement (2 Action Steps)

By Nancy Castiglione, CRCM

Regulators have been taking a flexible supervisory approach during the pandemic, but have announced that they are resuming full enforcement of RESPA/Regulation X mortgage servicing rules.

Compliance Online
Consumer Finance Institute