Regulation F (Reg F) is the most significant change to the ARM industry in over 40 years and the Reg F effective date is coming up in just 15 days. In addition to the regulatory issues created by Reg F, you can also expect that consumer attorneys will file a landslide of lawsuits to test Reg F’s limits.
By now, you should already understand how your operations will be affected by every section of the new rule, including the model validation notice, communicating with consumers, call volume / the 7-in-7 rule, limited content messages, text and email, credit reporting, disputes / requests for validation, and more. But, the rule is really big and complicated and not every company is ready for the implementation deadline.
Are you ready for the Reg F final rule deadline? If not, you can still take these critical last-minute steps to help minimize your risk and safeguard your operation.
View this content by subscribing
Please register to unlock this content
I already have an account. Log in