Seminar September 17-19, 2017

MBA's Regulatory Compliance Conference 2017

Event Detail
Stephen Ornstein, Nanci L. Weissgold
September 17-19, 2017
Grand Hyatt
Washington, D.C.
Nanci Weissgold, Colgate Selden, and Steve Ornstein were panelists during this event hosted by the Mortgage Bankers Association.

Nanci Weissgold spoke in the session “Servicing Compliance Developments Under the New CFPB Rule.” This session provided an update of servicing compliance developments under the CFPB’s Servicing Rule. Her second session, “Regulatory Supersession for Compliance Staff,” wrapped up the conference with a facilitated supersession featuring top legal and compliance experts. Every topic was fair game in this popular and far-reaching session that addressed legislation and litigation as well as regulatory requirements. Casual attire welcome. Come for as long or as little as you can before departing the conference.

Colgate Selden participated in the session “Compliance Essentials/CMCP: Overview of Consumer Protection Compliance — The Dodd–Frank Rule.” Attendees got a high-level overview of most of the rules established by the Consumer Financial Protection Bureau (CFPB) under Dodd–Frank regarding the mortgage process, including Know Before You Owe/TRID, Ability to Repay, Home Ownership and Equity Protection Act (HOEPA), and Loan Officer Compensation. These rules require ability to repay determinations by lenders, provide special requirements and consumer protections for high-cost loans, and prohibit loan officer compensation based on rate and terms.

Steve Ornstein spoke during the session “Update on False Claims, Indemnification, and Buy Back Concerns.” Experts on the GSE and the Federal Housing Administration programs provided an update on hot button areas that can result in actions under the False Claims Act, buy-backs, or otherwise adversely affect the salability of loans. The session also provided a brief update on significant Government Housing Program developments.

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Media Contacts
Alex Wolfe
Communications Director
Phone: 212.210.9442

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