Written by JiJi Bahhur, Director of Regulatory Compliance
As credit unions dig further into the TILA/RESPA Integrated Mortgage Disclosures rule, it is becoming more apparent that the rule itself and other CFPB-issued guidance does not address, clearly, some of the more nitty gritty issues that are surfacing. In fact, NAFCU has been receiving a number of these questions – and I tell you – they are not easy to research and the answers are not all clear.
Today, I won’t bog you down with difficult-to-comprehend information – after all, it is Friday! Instead, I’d like to make you aware of another great TILA/RESPA resource that I recently stumbled upon. As some of you know, over the last year, the CFPB and Federal Reserve Board have been co-hosting webinars that address questions about the TILA/RESPA Integrated Mortgage Disclosures rule. Currently, four (4) of these co-hosted webinars exist and provide another avenue of guidance – oral guidance – from the CFPB on the TILA/RESPA rule. Ideally, it would be nice if the CFPB transcribed these webinars, thus providing easily accessible, written guidance, but the CFPB has no plans of doing so (at least that I know of).
But don’t fret! During one of my recent TILA/RESPA searches online, I found a treasure! BuckleySandler LLP, a leading consulting and law firm serving the financial services industry, has transcribed and made available publicly, the last three co-hosted webinars. From BuckleySandler’s TRID Resource Page:
Webinars and Transcripts
November 18, 2014: During this session, the Bureau addressed frequently asked questions relating to the Closing Disclosure. Our unofficial transcript is available here, and the recording is available here.
October 1, 2014: During this session, the Bureau addressed frequently asked questions relating to the Loan Estimate. Our unofficial transcript is available here, and the recording is available here.
August 26, 2014: During this session, the Bureau addressed frequently asked questions regarding the operational requirements of the rule. Our unofficial transcript is available here, and the recording is available here.
June 17, 2014: During this session, the CFPB provided a high-level overview of the rule. BuckleySandler did not transcribe this webinar, but the recording is available here.
Bubbles. Kyse and Ava love bubbles. I’m pretty sure I love bubbles even more because it keeps my kids entertained on the weekend. Last weekend, we spent Saturday and Sunday blowing bubbles, riding bikes/cars, and playing with the neighbor kids.
I look forward to this weekend’s adventures! Have a great weekend, all!