The Department of Labor Revises Rules Governing Overtime Compensation 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…
Blog Archives
Summer 2016 States In Brief
Delaware The Governor of Delaware signed into law House Bill 353, which relates to foreclosure proceedings. The bill was effective June 28, 2016. Georgia The Georgia Department of Banking and Finance adopted final revisions to its rules making various changes…
Posted in Newsletters, States In Brief
Summer 2016 “Talking The Talk”
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 a fabulous opportunity…
Posted in "Talking The Talk"/Conferences, Newsletters
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
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