The American Bankers Association will hold a number of telephone briefings to help financial institutions and professional review the thousands of pages of mortgage rules released by regulators this month.
The series is aimed at chief lending officers, senior bank managers, information officers, compliance officers and managers, risk managers and auditors, and operating officers.
The first briefing, “Understanding the Big Picture: Overview of CFPB Mortgage Rulemakings,” which is free, will provide banking professionals an overview of six rules recently released by the CFPB and the potential impact on banks’ mortgage operation.
Witnesses and speakers during the series will include Leonard Chanin, a partner at Morrison & Foerster, and John Bowman, a partner at Venable. Both Chanin and Bowman are former regulators with expertise in consumer financial protection.
The series will include discussion of the CFPB’s ability-to-repay and qualified mortgage rules, new mortgage servicing rule, HOEPA’s high-cost mortgages, exemptions in escrow, mortgage loan originator compensation and appraisals and higher-risk mortgages.