OCC BULLETIN 2015-27
Subject: Consumer Compliance
Date: May 1, 2015
To: Chief Executive Officers and Compliance Officers of National Banks, Federal Savings Associations, Federal Branches and Agencies, Department and Division Heads, All Examining Personnel, and Other Interested Parties
Description: Revised Interagency Examination Procedures for Consumer Compliance
The CFPB has changed the effective date in this document from August 1, 2015, to October 3, 2015.
The Task Force on Consumer Compliance of the Federal Financial Institutions Examination Council recently developed these interagency examination procedures for
These procedures reflect Consumer Financial Protection Bureau amendments to Regulations Z and X published in the Federal Register in December 2013 and February 2015. Most of the changes to the procedures relate to the integrated mortgage disclosure requirements under TILA and RESPA, commonly referred to as the “TRID” requirements.
This bulletin makes available on the Office of the Comptroller of the Currency (OCC) Web site the revised interagency procedures for the new and amended requirements for Regulations Z and X, which go into effect August 1, 2015. OCC examiners will use these procedures beginning August 1, 2015. The OCC is in the process of incorporating these revised interagency procedures into the “Truth in Lending Act” and “Real Estate Settlement Procedures Act” booklets of the Comptroller's Handbook, which will supplant the interagency procedures once the updates are completed.
Please contact your supervisory office or Compliance Policy at (202) 649-5470.
Grovetta N. Gardineer