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Thursday, August 15, 2013

CFPB Updates Exam Procedures for Mortgage Rules

The CFPB has released updates to its exam procedures in connection with the new mortgage regulations.

The updates incorporate the first set of interim TILA exam procedures from June as well as updated interim exam procedures for RESPA, covering final rules issued by the CFPB through July 10, 2013; updated interim exam procedures for TILA, covering final rules issued by the CFPB through May 29, 2013; and the previously issued interim exam procedures for the Equal Credit Opportunity Act (ECOA), covering final rules issued by the CFPB through January 18, 2013.

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