Is an 18% Hit to Your Net Income Within Appetite?
by William Hord
August 26, 2016 10:08 am
18% Hit to Net Income
Yesterday the CFPB released the following statement: “CFPB Orders First National Bank of Omaha to Pay $32.25 Million for Illegal Credit Card Practices.” As I read this press release several things came to mind and maybe yours as well. I will break them down into 4 areas. (more…)
Timing Requirements for New Loan Estimate Disclosure
by Dan Banning
February 10, 2014 11:02 am
On November 20, the Consumer Financial Protection Bureau (CFPB) finalized new regulations to combine the mortgage disclosures required by the Truth in Lending Act and the Real Estate Settlement Procedures Act. This Regulatory Update focuses on the timing requirements for providing consumers with the Loan Estimate disclosure. CFPB’s Brief Summary of the New Regulations.
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