August 24, 2014

NAFCU Compliance Blog lists TILA-RESPA integration resources

Aug. 13, 2014 – In a post today to NAFCU's Compliance Blog, Angela Meyster goes over the tools available to aid credit union compliance with CFPB's Truth in Lending and Real Estate Settlement Procedures Acts mortgage disclosure integration forms, which take effect next Aug. 1.

"Compliance folks should be aware of the many tools out there to help them with implementation," Meyster, NAFCU's regulatory affairs counsel, wrote. "Both the CFPB and NAFCU have developed an array of resources to assist in answering common questions, and both entities are looking for ideas of what else could be helpful."

Meyster lists the resources available on CFPB's website, including a link to the final rule and the small-entity compliance guide. She also links to the bureau's webinar series on the rule.

From NAFCU, Meyster points compliance blog readers to previous articles, webcasts and NAFCU's final rule summary and scope-and-applicability chart.

The final TILA-RESPA integrated mortgage disclosures rule will be discussed during NAFCU's Regulatory Compliance Seminar, Oct. 14-17 in Baltimore. Members and nonmembers who enroll by Aug. 22 will save $100.

Richard Horn, partner with Dentons US LLP and formerly with CFPB, will deliver two presentations during this year's Seminar entitled, "Know Before You Owe" and "Now You Know, Go Implement." Horn also participated in the drafting of CFPB's final TILA-RESPA rule.