FDIC: Banker Teleconference Series Timely and Comprehensive Compliance Information and Insights from the FDIC
- The FDIC holds periodic teleconferences to keep FDIC-supervised institutions informed about compliance and consumer protection related rulemakings, guidance, and emerging issues.
- Two banker teleconferences primarily focusing on the CFPB's significant mortgage-related proposals were hosted by FDIC staff on September 27, 2012, and October 10, 2012.
- PowerPoint slides from the September 27, 2012 teleconference are available. Topics covered included the following:
- Mortgage originator standards,
- Appraisals for “higher-risk” mortgages,
- Equal Credit Opportunity Act appraisal requirements, and
- Mortgage Servicing.
- PowerPoint slides from the October 10, 2012 teleconference are available. Topics covered included the following:
- Real Estate Settlement Procedures Act/Truth In Lending Act mortgage disclosure integration,
- Ability to repay standards and the definition of qualified mortgages,
- Escrow requirements for “higher-priced mortgage loans,” and
- New provisions for high-cost (HOEPA or “Section 32”) loans.
Financial Instituion Letter announcing these calls