Compliance Demands. The guideline imposes new reporting, record-keeping, and conformity requirements.

Compliance Demands. The guideline imposes new reporting, record-keeping, and conformity requirements. The guideline imposes brand new reporting, record-keeping, and conformity demands. Generally speaking, the guideline requires loan providers to furnish information regarding covered loans to all authorized information systems which presumably includes the nationwide customer reporting agencies. See generally speaking Proposed 1041.16. The proposed rule[…]