Buckley Sandler Webcast: CFPB Mortgage Servicing Rules: Amendments and Exam and Enforcement Trends
On August 4, the CFPB released the long-anticipated amendments to its mortgage servicing rules under the Truth in Lending Act and Real Estate Settlement Procedures Act. In addition to expanding the scope of the loss mitigation and periodic statement requirements, and making other substantive changes that will have a significant impact on mortgage servicing systems and practices, the amendments provide clarity on the issues that servicers continue to struggle with, and offer insight into other concerns that continue to arise in examinations. Because servicers have only 12 months from publication to prepare for many of the amendments, servicers are devoting significant resources to digesting the 900 page document. Buckley Sandler’s Special Alert summarizing the key amendments is available here.
Please join Buckley Sandler attorneys Michelle Rogers and Ben Olson (both former Deputy Assistant Directors at the CFPB) for a complimentary webcast on September 7 from 2:00-3:30 pm to learn more about the amendments, including key areas of change, practical issues servicers may face with implementation, and what the rules mean for current and future examinations and enforcement actions based on the firm’s extensive experience representing the servicing industry.
When: Wednesday, September 7, 2016 from 2:00-3:30 pm ET
Registration is required. Please, no outside law firms, government agency personnel, consulting firms, or media. After registering and being approved, you will receive a confirmation email containing instructions for joining the webcast.