WebMar 17, 2024 · First, though not explicitly mentioned by the CFPB, the updated UDAAP Exam Manual very strongly indicates that the CFPB plans to use both disparate treatment and disparate impact analyses as a way of establishing “unfair” discrimination. WebExamination Procedures Loan CFPB January 2024 Procedures 1 Education Loan Examination Procedures After completing the risk assessment and examination scoping, examiners should use these procedures to conduct an education loan examination. In addition, the CFPB expects every regulated entity under its supervision and enforcement
CFPB Updates UDAAP Exam Manual to Target …
WebDec 22, 2024 · Module 8 – Examiner Conclusions and Wrap-Up is a required module and must be completed. The modules are as follows: Module 1 Company Business Model Module 2 Advertising and Marketing Module 3 Loan Originators Module 4 Loan Disclosures and Terms - Closed-End Residential Mortgage Loans WebMar 17, 2024 · The updates to the manual intended to implement the CFPB’s use of its UDAAP authority to address discriminatory conduct consist of the following: The manual … fallzahlen sylt
CFPB moves to dismiss Chamber’s lawsuit challenging UDAAP update …
WebFeb 2, 2024 · On January 18, 2024, the Consumer Financial Protection Bureau (CFPB) released an updated version of its Mortgage Servicing Examination Manual. As the … WebOct 21, 2024 · The CFPB updated its Supervision and Examination Manual by adding a new section titled Compliance Management Review – Information Technology . The new examination procedures are meant to assist CFPB examiners when assessing an entity’s information technology (IT) controls as part of a Compliance Management System (CMS) … WebJun 10, 2015 · Examiners will use the procedures in examinations of automobile lenders, lessors, and servicers. Before using the procedures, examiners should complete a risk assessment and examination scope memorandum in accordance with general Consumer Financial Protection Bureau (CFPB) procedures. hk meituan