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News (CompliancePro Blog)

The New Requirement to Provide a List of HUD-Approved Homeownership Counselors: (For Some) It'll Be as Simple as Pressing a Button.

As of January 10, 2014, Regulation X will require mortgage lenders to provide the borrower with a written list of local HUD-approved homeownership counseling organizations not later than 3 business days after receiving an application. This requirement will apply to nearly all mortgages, and as of the... More

The CFPB’s New List of “Safe Harbor” Countries under Reg. E

(We all needed something to yawn about.)

On November 5, 2013, the CFPB published a list of “safe harbor” countries for purposes of Regulation E’s new rules covering international remittance transfers.  The good news is that nothing has really changed, and you do not need to do anything new. ... More