Legal Briefs

• Deregulation is a reality • Consumer loan dollar amounts adjust July 1 Deregulation is a reality By Andy Zavoina On May 24, 2018, President Trump signed into law, the “Economic Growth, Regulatory Relief and Consumer Protection Act” (the “Regulatory Relief Act,” P. Law 115-174, formerly S. 2155). It eases some of the regulatory restrictions imposed since the financial crisis …

Beneficial ownership rules update Policies Appraisals Beneficial ownership rules update By John S. Burnett By the time you read this, the May 11, 2018, compliance date for FinCEN’s Beneficial Ownership requirements will be only a couple of days away or already have past. As you know by now, FinCEN issued a second set of FAQs on the Beneficial Ownership requirements …

 Watch that tax advice! Credit reports are changing again Telephone Consumer Protection Act – Update Sellers’ cost on borrowers’ closing disclosures Watch that tax advice! By Andy Zavoina When it comes to tax deductibility, “watch that tax advice.” Let’s get straight to the point, considering it is April and income taxes are due. I want to caution banks, and especially …

OBA website update, Legal Briefs and Legal Links Without the App, you can’t comply with HMDA A Revised USA PATRIOT Act/CIP Sign? HMDA Signage Correction Spirit and Intent, SCRA and BMW The Beneficial Ownership Rule UBO:  How low do you go?   OBA website update, Legal Briefs and Legal Links By Pauli D. Loeffler It has been more than a …

“I received a child support levy…” Tax Refund Checks The ADA and the WWW Prepaid Accounts Rule Amended and Delayed Payday Lending Rule Likely to be Rescinded or Trimmed

Deceased customer accounts Don’t sweat the HUD-SCRA expiration, part 2 Military Lending Act Guidance Update Managing risk in mobile deposits (Revised)

Managing risk in mobile deposits (Removed for error) The statement exemption for charged-off loans Don’t sweat the HUD-SCRA expiration HMDA notices Abundance of caution” “Legalese” for non-lawyers – Part II

“Legalese” for non-lawyers Required year-end housekeeping

2017 Oklahoma Statutory Amendments Real Estate and Money Laundering FinCEN Revises Beneficial Ownership Certification Consumer Liability Under Regulation E

Lessons from the American Express settlement CFPB’s 2017 HMDA Rule amendments Forced-placement of flood insurance, with a twist Visa zero liability update