On Monday, the Consumer Financial Protection Bureau (CFPB) released a Small Entity Compliance Guide for the TILA-RESPA Integrated Disclosure rule that is designed to help lenders determine their federal mortgage disclosure compliance obligations for the mortgage loans they originate. The plain-language guide features a FAQ format to make it more accessible for industry constituents, "especially smaller businesses with limited legal and compliance staff." The Real Estate Settlement Procedures Act (RESPA) and the Truth in Lending Act (TILA) were first issued in January 2013 and amended through October; they take effect August 1, 2015 (See our Dec 16, 2013, blog post for more information). For more, access the compliance guide.
- How-to guide How-to guide: How to navigate challenges relating to Source of Wealth and Source of Funds (UK)
- How-to guide How-to guide: How to develop a vulnerability disclosure program (VDP) for your organization to ensure cybersecurity (USA)
- Checklist Checklist: Drafting internal privacy policies and procedures (USA)