The Federal Deposit Insurance Corporation (FDIC) recently announced the release of the first in a series of three new technical assistance videos developed to assist bank employees in meeting regulatory requirements. These new videos will address compliance with certain mortgage rules issued by the Consumer Financial Protection Bureau (CFPB).
The first video, covers the Ability to Repay and Qualified Mortgage Rule. This video is intended for compliance officers and staff involved in ensuring the bank’s mortgage lending operations comply with CFPB rules.
Two additional videos in this series will be released in the upcoming months. They will focus on mortgage servicing and loan originator compensation.
Other technical assistance videos on various topics can be found on the FDIC’s website at: https://www.fdic.gov/regulations/resources/director/video.html.