The CFPB has also released YouTube videos to help in understanding the requirements of the new rules. A link to the videos can be found under each individual rule from The CFPB’s Regulations page.
As we’ve mentioned, the CFPB does not consider these Guides a substitute for reading the rules themselves, as there are detailed requirements in the rules that cannot be found in the guides. However, all of these guides do contain “Implementation Tips”; which provide suggestions on things you may want to consider while looking at your current practices and determining what changes you may need to make going forward.
Compliance Guides are now available for all of the Final Rules issued in January 2013. The Bureau does intend to update them on a periodic basis.
Diane joined Banker’s Compliance Consulting with over 10 years of compliance experience and over 15 years of experience within the financial industry. Diane is a Certified Regulatory Compliance Manager (CRCM) and has a Bachelor’s Degree in Sociology with a concentration in Criminal Justice. She is a graduate of the Schools of Banking Compliance School and has participated in various other training opportunities throughout her career. Diane understands firsthand the struggles banks face in building and maintaining successful compliance programs. Her experience and common sense approach to consumer compliance is a great asset to our clients.
Diane and her husband have two kids who keep them busy. She enjoys running and other sports and is a big Bugs Bunny fan! She’s a bit crazy in that she does enjoy reading some of these regulations and she’s a “crazy cat lady!” Her cat tales are hilarious!