On May 18, 2016, the Department of Labor (“Department”) announced it will publish a Final Rule updating regulations related to overtime compensation and exemption provisions for executive, administrative and professional employees, as well as for Highly Compensated Employees under the…
Yearly Archives: 2016
Business Law Basics and ABA Regulatory Compliance Conference
Terry will co-present the American Bar Association’s Business Law Basics: The History and Development of Federal and State Consumer Financial Services Laws and Regulations Webinar on May 24, 2016. Presenters will discuss the evolution of consumer financial services law and…
Posted in "Talking The Talk"/Conferences
Spring 2016 Announcements
Please welcome our new associate, Robert Clark, to the firm! Robert practices in the firm’s consumer lending regulatory compliance area. He received a B.A. in Psychology from the University of Massachusetts in 2004 and a J.D. from the Roger Williams…
Posted in Announcements, Newsletters
Spring 2016 Federal Highlights
FHA Clarifies Discrepancy In New Handbook Relating To Model Mortgages The Federal Housing Administration (“FHA”) announced a waiver of a provision in Single Family Housing Policy Handbook 4000.1 relating to the required content of security instruments. FHA Allows Two New…
Posted in Federal Highlights, Newsletters
Spring 2016 States In Brief
Colorado The Governor of Colorado signed into law Senate Bill 14, repealing certain disclosure requirements. The bill is currently effective. The Colorado Division of Real Estate adopted regulations revising the education and licensing requirements for mortgage loan originators. The revised…
Posted in Newsletters, States In Brief
Spring 2016 “Talking The Talk”
Terry Franzén and Loretta Salzano will be speaking on a variety of hot topics at key conferences throughout the country. Conference attendance is a great way to stay informed on the latest happenings in the industry – and it provides…
Posted in "Talking The Talk"/Conferences, Newsletters
ACI Consumer Finance, MBA Legal Issues, NBI, and CCFL Conferences
Loretta will be moderating the Super Session at MBA’s Legal Issues and Regulatory Compliance Conference on May 4, 2016 in Denver, Colorado. This is the last session on the last day of the conference and allows attendees to question an…
Posted in "Talking The Talk"/Conferences
Winter 2015-2016 Federal Highlights
CFPB Issues HMDA Rule The Consumer Financial Protection Bureau (“CFPB”) issued a final rule updating the reporting requirements of the Home Mortgage Disclosure Act (“HMDA”). Most parts of the rule are effective January 1, 2018. Therefore, the new data must…
Posted in Federal Highlights, Newsletters
Winter 2015-2016 States In Brief
California CFLL Regulations The California Department of Business Oversight adopted regulations clarifying the scope of the exemptions in the California Finance Lenders Law and the Residential Mortgage Lending Act for depository institutions. Connecticut Department of Banking Memorandum The Connecticut Department…
Posted in Newsletters, States In Brief
Winter 2015-2016 “Talking The Talk”
Terry Franzén, Loretta Salzano and Jenny Dozier will be speaking on a variety of hot topics at key conferences throughout the country. Conference attendance is a great way to stay informed on the latest happenings in the industry – and…
Posted in "Talking The Talk"/Conferences, Newsletters