Summary of the CFPB's Personal Financial Data Rights Rule - View Response

RegComplyGPT Prompt: After uploading the Notice of Final Rulemaking for the CFPB’s Personal Financial Data Rights Rule, prompt RegComplyGPT to "Summarize in detail the attached document. Focus the summary as it applies to non-bank mortgage lenders and servicers. Include the calculation of total receipts as it applies non-depository institutions, as well as the implementation dates for non-depository institutions based on total receipts.” 

Analysis of the Comments Submitted in Response to the CFPB's Proposed Amendments to Regulation X - View Response

RegComplyGPT Prompt: After uploading the comments submitted by industry stakeholders, consumer advocacy groups, and state regulators/Attorneys General, prompt RegComplyGPT to "Summarize in detail (about 5,000 words) the attached comments regarding the CFPB’s proposed amendments to Regulation X. The analysis should comprehensively address areas of consensus and key points of disagreement between industry stakeholders (MBA, HPC, ABA, etc.), Freddie Mac and Fannie Mae, state regulatory agencies, attorneys general, and consumer advocacy groups.” 

Memorandum Regarding the CFPB’s Proposed Amendments to Regulation X - View Response

RegComplyGPT Prompt: “Obtain the latest CFPB proposed rules for mortgage servicing and draft a memorandum from Chief Compliance Officer to General Counsel summarizing the proposed rules. Focus on the regulatory change management issues, as well as any financial implications for both consumers and servicers.” 

Letter to Servicing Customer Regarding VA-Insured Loan - View Response

RegComplyGPT Prompt: Compose a letter to a servicing customer notifying them that their loan is not insured by the VA because the originating lender did not meet the required seasoning guidelines. Be sure to outline any potential impacts and provide the customer with available options. 

Conflicts Between the CARES Act Credit Reporting Requirements and the FCRA - View Response

RegComplyGPT Prompt: Develop an argument asserting that the credit reporting requirements under the CARES Act conflicted with the FCRA, posed significant challenges for servicers due to system limitations, and were hindered by insufficient and unclear guidance from regulators. 

Complaint Oversight Committee Charter - View Response

RegComplyGPT Prompt: Create a Complaint Oversight Committee Charter for a mortgage lender and servicer. The committee will be responsible for reviewing consumer complaints and regulatory inquiries, including those from the CFPB, to ensure timely and appropriate resolution while maintaining compliance with applicable laws and regulations.