We’ve commented, you should too!!
The Home Mortgage Disclosure Act proposal to expand reporting requirements is nearing the end of its comment period. Comments are due by October 29, 2014, at 11:59 p.m. (ET). While there are some good things included in this proposal, we feel there are some that are not and some that really need further clarification from the CFPB. As of today, there have only been 35 comments submitted and we encourage you to take a little time and make your voice heard. To assist you in this effort, our comment letter is available for you to view on the free downloads page of our website. Since this letter is based on my personal experiences, being both an examiner and consultant, you won’t want to copy and paste it word for word, but please feel free to use it as a guide for ideas in your own comment letter.
Comments can be submitted at: http://www.regulations.gov/#!documentDetail;D=CFPB-2014-0019-0001. Just look for the “Comment Now” link in the upper right corner.
David’s banking career began as a field examiner for the FDIC in 1990. He later became a Compliance Officer and Loan Officer for a small bank. In 1993, he established Banker’s Compliance Consulting. Along with his amazingly talented Team, he has written numerous compliance articles for prestigious banking publications and has developed compliance seminars that Banker’s Compliance Consulting produces.
He is an expert in compliance regulations. He is also a motivational speaker and innovative educator. His quick wit and sense of humor transforms the usually tiring topic of compliance into an enjoyable educational experience. David is on the faculty of the American Bankers Association National Compliance Schools and has served on the faculty of the Center for Financial Training for many years. He also is a frequent speaker at the ABA’s Regulatory Compliance Conference. He is also a trainer for hundreds of webinars, is a Certified Regulatory Compliance Manager (CRCM) and has been a BankersOnline Guru for many years. The American Bankers Association honored David with their Distinguished Service Award in 2016.
David and his wife Karen have three adult children, four grandchildren (none of whom live at home!) and two cats (of which Dave is allergic … the cats, not the children!). They recently moved to an acreage outside of Lincoln, Nebraska where he gets to play with his tractor. When possible David can be found fishing, making sawdust in his shop, or playing the guitar and piano. He also enjoys leading worship at his church.