CFPB releases updates to exam procedures for its revised mortgage rules

The Consumer Financial Protection Bureau (CFPB) recently released updates to its exam procedures for the new mortgage regulations that were issued in January and finalized in October (See our Oct 21, 2013, blog post for more information). These updates "offer financial institutions and other industry participants valuable guidance" on how the bureau will conduct examinations for compliance with the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA). For more, read the CFPB Supervision and Examination Manual.

Consumer Financial Protection Bureau