The FDIC has scheduled the following three free teleconferences on the CFPB’s new mortgage-related rules for officers and employees of FDIC-supervised institutions: 

  1. May 2, 2013 on the CFPB final rules on ability to repay/qualified mortgages and escrow accounts, and the provisions of the final loan originator compensation rule prohibiting  mandatory arbitration clauses and the financing of single premium credit insurance.  
  2. May 15, 2013 on the CFPB’s mortgage servicing final rule.
  3. June 6, 2013 on the CFPB’s final rules on loan originator compensation requirements and the Home Ownership and Equity Protection Act expansion

All teleconferences will take place from 2-3:30 p.m. EDT.  Advance registration is required.  The FDIC continues to supervise state banks that are not members of the Federal Reserve System with $10 billion or less in total assets.  (Such banks are not subject to CFPB supervision.)