Compliance Action, Volume 17, Number 5

Vendor Liability: CFPB Guidance Outlines Duties (6 Action Steps)

By Lucy Griffin

Outsourcing a function does not outsource responsibility or liability. The CFPB has issued guidance to banks and non-banks on third party vendor management.

Mortgage Loan Originator: What's In and What's Out (4 Action Steps)

By Lucy Griffin

The law prohibits mortgage loan originator compensation that is based on the cost or terms of the loan to the consumer. The CFPB is now the ruling authority on the issue of mortgage loan officer compensation.

Action Training
Changing Regulations: FTC to CFPB (Charts)

By Lucy Griffin

The establishment of the CFPB meant a great deal of movement and reorganization in the Code of Federal Regulations (CFR). We will help you keep track of what has been transferred to the CFPB and what regulations the FTC has retained.

Compliance Notes

• Paperwork Reduction Burden
• Credit Card Fees
• Fair Lending is Hot
• BCFP to CFPB

Compliance Calendar

In the Editor's Opinion
Does It Really Matter?

By Lucy Griffin

When you think about where we would be without the myriad aspects of compliance, what we have to do in the banking world starts to make sense.

Compliance Q & A

• Reporting Period for Charged-off Accounts
• Pulling Joint Credit Reports
• Adverse Action for Denied CRA Program Credit