The Federal Deposit Insurance Corp.'s (FDIC) Division of Depositor and Consumer Protection is launching a series of nationwide banker teleconferences designed to ‘maintain open lines of communication’ on subjects relating to compliance and consumer protection.
The first three teleconferences will focus on mortgage-related final rules issued by the Consumer Financial Protection Bureau (CFPB), including the ability-to-repay rule, qualified mortgage standards, escrow requirements and the loan originator compensation requirements involving the prohibition on mandatory arbitration clauses and single premium credit insurance. The teleconference will be held May 2 from 2:00 p.m. to 3:30 p.m. EDT.
The second teleconference will focus on the CFPB's final rules on mortgage servicing. This will be held on May 15 from 2:00 p.m. to 3:30 p.m. EDT. The third teleconference will focus on the CFPB's final rules on loan originator compensation and changes to the Home Ownership and Equity Protection Act. This will be held June 6 from 2:00 p.m. to 3:30 p.m. EDT.
The FDIC encourages institutions to submit questions on teleconference topics in advance to bankerteleconference@fdic.gov. The sessions are free, but registration is required.