MBA Compliance Essentials: CFPB Examination Resource Guide ©2016

Summary:

The Consumer Financial Protection Bureau (CFPB) Examination process is expansive and violations can cost your business money and reputation. With many new and previously existing rules to comply with, the process can seem daunting. This nearly 100 page resource guide, written by attorneys seasoned in the examination process, provides an essential background as to what to expect from this process, as well as an overview of what is expected of your Compliance Management System (CMS). Additionally, the guide contains detailed procedures for both mortgage origination and servicing examinations. Finally, the guide includes nearly 40 pages of useful checklists to help ensure that your company is exam ready.

Developed by:

• Donald C. Lampe, Partner, Financial Services Group, Morrison & Foerster, LLP
• Leonard Chanin, Of Counsel, Financial Services Group, Morrison & Foerster, LLP
• Ryan J. Richardson, Associate, Financial Services Group, Morrison & Foerster, LLP

This book provides the following tangible benefits:

• Helps you organize your company to prepare and operate effectively during the examination process
• Offers critical insights into the examination process, including key issues and areas of focus
• Provides guidance on how to interact with examination team in order to improve coordination of all parties during the process

Chapters include:

• Examination Processes and Mechanics
• Compliance Management System
• Mortgage Origination Examination Procedures
• Mortgage Servicing Examination Procedures
• UDAAP, Fair Lending, and Antidiscrimination