The Latest RESPA and TILA Developments: CFPB Final Rule Changes That Are Impacting Regs X and Z, Implementation Challenges, Claims Trends and Best Practices for Compliance in Early Intervention, Loss Mitigation, Periodic Statements and Beyond

November 30, 2016 1:20pm

Lydia A. Morley
Vice President | Assistant General Counsel
US Bank

R. Andy Arculin

Venable LLP
Former Senior Counsel in the CFPB’s Office of Regulations

David K. Stein

Bricker & Eckler LLP

  • Final amendments to RESPA servicing provisions as related to:
    • Forced place insurance notices
    • Policies and procedures
    • Early intervention
    • Loss mitigation requirements
  • Final amendments to TILA servicing provisions as related to periodic statement requirements
  • Assessing the implementation challenges associated with these new rules; pitfalls to avoid and best practices
  • What claims trends are being seen with regard to Regs X and Z? What are these claims alleging? What are the succeeding theories of liability and succeeding defenses?
  • What claims are we expecting to see on the horizon that haven’t been seen yet?
  • TILA rescission post-Jesinoski – what have subsequent cases been saying about how rescission operates in practice after notice of rescission is provided?