Compliance Systems, Inc. (CSi) is a provider of best-in-class financial transaction technology and expertise that allows financial institutions across the United States to compliantly document financial transactions. CSi solutions include Deposit, Consumer (including Home Equity) and Commercial Lending, Mortgage Lending, Individual Retirement Accounts, and Health Savings Accounts lines of business. CSi specializes in analyzing the data around these transactions resulting in documentation that mitigates risks thus allowing institutions to better target resources on activities that help their bottom line.

The CFPB is adjusting two dollar amounts that are used in the “points and fees” trigger for coverage under HOEPA. The two dollar amounts are (1) the loan amount threshold (changing from $20,391 to $20,350) , and (2) the total points and fees amount (changing from $1,020 to $1,017). All of our core products have been updated to include these new amounts, ensuring that your organization is compliant with the new year’s values.

The Plateau Group, Inc. (PGI), an insurance and financial services company based in Crossville, Tennessee, has over 30 years of experience working with financial institutions to provide insurance solutions and services to their customers. PGI offers a full range of insurance products, plus debt protection and reinsurance programs from Maine to the Pacific Islands.

In the more than 28 years that J. L. Sherman & Associates has been providing lending calculation solutions, keeping our partners in compliance with Truth in Lending has always been a given. In the past, the primary compliance focus was on the disclosure of the APR and other elements that make up the “Federal Box”. However, in recent years we have witnessed a dramatic increase in new federal regulations. First came the Home Ownership and Equity Protection Act (HOEPA), then the Higher Price Mortgage Loans rule became effective in 2009, then HOEPA was revised for 2013, and now the new TILA RESPA rules which go into effect this August of 2015.

The CFPB is adjusting two dollar amounts that are used in the “points and fees” trigger for coverage under HOEPA. The two dollar amounts are (1) the loan amount threshold (changing from $20,000 to $20,391), and (2) the total points and fees amount (changing from $1,000 to $1,020). All of our core products have been updated to include these new amounts, ensuring that your organization is compliant with the new year’s values.