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Wednesday, April 10, 2013

FDIC Offers Free Teleconferences on CFPB Mortgage-Related Rules

The FDIC’s Division of Depositor and Consumer Protection will host three free teleconferences in May and June on mortgage-related rules the Consumer Financial Protection Bureau has issued in recent months.

These teleconferences, especially the first two, will likely include information on the use and regulation of lender-placed insurance (LPI), including the parameters for notices which precede LPI placement, escrow account management and voluntary premium advances.
The first teleconference -- 2-3:30 p.m. EDT on May 2 -- will review CFPB final rules on the ability to repay, qualified mortgage standards and escrow accounts, along with loan originator compensation requirements involving the prohibition on mandatory arbitration clauses and single premium credit insurance.

The second teleconference -- 2-3:30 p.m. EDT on May 15 -- will focus on the bureau’s mortgage-servicing final rule, while the third event -- 2-3:30 p.m. EDT on June 6 -- will cover the CFPB’s final rules on loan originator compensation and Home Ownership and Equity Protection Act expansion.
Registration is required for all teleconferences.

Learn more.

Register for the teleconferences.