PPT-The 4 CFPB Final Rules of the

DoddFrank Wall Street Reform and Consumer Protection Act December 2013 Agenda 1 LO Compensation 2 ATR QM TQM 3 ECOA amp HPML 4 HOEPA amp Home Counseling Agenda In the 2010 DoddFrank Wall Street Reform and Consumer Protection Act DoddFrank Act aka DFA Congress adopted Ability to Repay ATR requirements on closedend mortgage loans and also established a presumption of compliance with certain mortgages called Qualified Mortgages QM and other changes affecting the origination of mortgage loans such as LO Compensation ECOA HPML and Home Ownership Counseling. rules mean for families and homeowners Mortgage rules Beginning in January 2014, some new CFPB rules will provide homeowners and consumers shopping for a home mortgage with new rights and greater p DRAFT May 2015 3 CFPB DATA POINT: CREDIT INVISIBLES ontents ........................................................................................................ 3on ............................. CFPB January 2014 Procedures 1 These Mortgage Origination Examination covering the various elements of the mortgage module identifies specific matters for review. Examiners will use the Procedures in CFPB May 2015 Procedures 1 on Examination Procedures (Procedures) consist of modules covering the various elements of the mortgage origination process; each module identifies specific matters for rev CFPB January 2014 Procedures 1 These Mortgage Origination Examination covering the various elements of the mortgage module identifies specific matters for review. Examiners will use the Procedures in March 2014 CFPB Data P oint: he CFPB Office of Research 2 CFPB DATA POINT: PAYDAY LENDINGKathleen Burkenathan LanningJesse LearyJialan WangThis is the first in an occasional series of publications f . Consumer Financial Protection Bureau. The Consumer Financial Protection Bureau (CFPB) is a 21st century agency that helps consumer finance markets work by making rules more effective, by consistently and fairly enforcing those rules, and by empowering consumers to take more control over their economic lives. . What’s New . W. ith Used cars?. September 2015. Agenda. Current Used Car Dealer Competitive Environment. Regulatory Environment. Discretionary . Pricing/Fair Lending. FTC. AG’s. Recalls and Arbitration. . NCHER 2017 Knowledge Symposium. November 7, . 2017. Melissa Harris. Robert . Savoie. Areas of Concern for CFPB. Sources:. Consumer Complaint database. Reports of the Student Loan Ombudsman. Supervisory Highlights. Q&A Platform. may, 22, 2012. Ask CFPB: A Question and Answer Platform. Accessible & authoritative. Meets user expectations. Learns over time. User feedback . feeds into content updates. Users can suggest an answer . Richard P. Hackett, Esq.. NCHER Winter Legal Meeting. January 24, 2014 . 1/23/2014. 1. Disclaimers. Rules for former CFPB executives (what I can’t talk about). I come to channel Chopra, not to praise him.. Consumer Financial Services Group. Ballard Spahr LLP. 215.864.8535. culhane@ballardspahr.com. Regulatory Round up . Federal Efforts Impacting . Student Loan Servicing and Collections. NCHER Spring Convention. National Consumer Law Center Inc NCLC is a non-profit Massachusetts Corporation founded come consumer issues with an emphasis on consumer credit On a daily basis NCLC provides legal and technical con avoidance proceduresForeclosure avoidanceIn response to the poor experience of many distressed borrowers during the mortgage crisis the CFPB is putting in place new procedures to facilitate borrowers1