After months of testing "plain language" mortgage disclosures
with consumers, the Consumer Financial Protection Bureau proposed sweeping
changes to the RESPA and TILA disclosures. At the Lending Compliance
Summit, August 15-16, Karen Neeley will take the 1099 page proposal, among
other difficult compliance issues, and distill them down into a brief,
understandable presentation. Although the disclosures are not final, Karen
expects the final disclosures to closely resemble those the CFPB proposed. The
rules will probably not be in effect until January 2013. However, the
changes are so sweeping that banks simply must begin preparation for the
changes as soon as possible to assure that the right systems will be in place.
To learn more about the Lending Compliance Summitt, or to register, click here.