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:
- 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.
- May 15, 2013 on the CFPB’s mortgage servicing final rule.
- 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.)