Trending Compliance Issues: Servicing – Key Compliance Considerations
Join Karin Lockovitch on Tuesday, September 12th as she and an esteemed panel will be discussing major programmatic updates and ongoing challenges in servicing in today’s regulatory environment.
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Back to the Future: Mortgage Servicing and SCRA Interest Rate Relief
The SCRA is deceptively short and concise. But what it lacks in volume, it makes up for in nuance. These nuances, if not considered carefully, can create operational difficulties that cost money in a variety of ways (from system upgrades to remediation to, in some cases, regulatory or legal enforcement). With interest rates on the rise, mortgage servicers should consider reviewing the control environments in place to mitigate SCRA interest rate relief risk and making necessary enhancements before the requests start coming in.
Emerging and Hot Regulatory Topics: What Do Banks Need to be Preparing for Now?
August 31, 2023
Treliant Takeaway...Semi-Annual Report of the Consumer Financial Protection Bureau
Treliant’s fair and responsible banking experts help institutions develop, evaluate, and implement robust compliance programs to address banking risks. Rather than simply identifying gaps or making recommendations, Treliant’s experts will help banks put into practice the tools and processes necessary for an effective program. Our clients rely on our regulatory knowledge and industry experience to meet current mandates and achieve compliance and business objectives. From fair lending risk assessments to staff augmentation, Treliant can help transform your bank’s fair and responsible banking culture and program from reactive to proactive in the identification and management of risks.
Treliant Takeaway...Updates to CFPB UDAAP Examination Procedures Increase Focus on Discrimination
Read the updated CFPB Supervision and Examination Manual Source: consumerfiles.gov Treliant Takeaway: Treliant knows fairness and consumer protection. If your financial services company needs assistance with evaluating risk and risk management systems with respect to UDAAP or discrimination, we can help. Highlights: On March 16, 2022, the Consumer Financial Protection…
Treliant Takeaway...CFPB Bulletin Addresses Unfair and Deceptive Acts or Practices That Impede Consumer Reviews
Read Bulletin 2022-05 Here Source: consumerfinance.gov Treliant Takeaway: Treliant knows fairness and consumer protection. If your financial services company needs assistance with evaluating your practices for UDAAP risks, we can help. Bulletin Highlights: On March 22, 2022, the Consumer Financial Protection Bureau (CFPB) issued Bulletin 2022-05: Unfair…