Compliance Action, Volume 22, Number 2

RESPA: CFPB Takes on Referrals (3 Action Steps)

by Lucy Griffin

In a recent enforcement action, the CFPB set some new standards for determining whether referrals are compensated illegally under RESPA.

Reg E EFT Error Consumer Liability (3 Action Steps)

by Patti Blenden

The EFTA and Regulation E offers consumers limited liability protections in the event of an unauthorized transaction or other EFT error.

Action Training
EFTA Reg E: Error Resolution Quick Reference Guide (Chart)

by Patti Blenden

We've provided a quick reference guide to highlight which consumer Reg E EFT disputes are errors and key points to enhance your EFT compliance process.

Compliance Notes

• Presidential Executive Order on Core Principles in Financial
  Regulation
  
• Delay in Prepaid Accounts
• CFPB Debt Collection Survey
• Credit Reporting Complaints

Compliance Calendar

In the Editor's Opinion
Ready for the New Compliance Rating System?

by Patti Blenden

Reflecting the regulatory, exam, technological, and market changes since the release of the original rating system, the new Interagency Consumer Compliance Rating System for exams went into effect at the end of March.

Compliance Q & A

• Documentation for Pre-Qualification or LE
• Funds Availability on Remote Deposit Checks
• Detailed Explanations on Adverse Action Notices