American Bankers Association Briefing: TILA/RESPA Disclosure Integration Rule: Will Your Institution Be Compliant By August 2015?
Benjamin Olson spoke on the American Banker's Association's briefing, "TILA/RESPA Disclosure Integration: Will Your Bank Be Compliant By August 2015?" on December 9, 2014.
The TILA/RESPA Disclosure Integration Rule has revamped all federal requirements relating to residential mortgages. Effective August 2015, all banks will be required to update their systems and procedures to ensure compliance with the new mandates and additional disclosures. Will your institution be ready?
The new intricate rules pose difficult challenges for compliance professionals and system technicians. In addition, the Consumer Financial Protection Bureau’s many interpretive opinions are expected to add even more clarifications and elucidations in the months to come. Your bank will depend on you to have a broad understanding of the new requirements and all the accompanying changes to ensure compliance with this new regime.
During this briefing you will hear a detailed review of the new requirements and receive an update of all the changes and new advisories the CFPB has issued since the rule has been published. Learn from a panel of regulatory experts how these updates and changes will impact your implementation operations. Gain insight on the regulatory reforms that lie ahead and get your questions answered so your institution will be compliant by August 2015.