The Mortgage Bankers Association launched a new compliance program called, "MBA Compliance Essentials: Education for our New Mortgage World," according to a press release.
The program aims to assist companies in the mortgage finance industry as they try to understand new compliance rules released by the Consumer Financial Protection Bureau.
The training will be conducted through webinars. The material is developed in collaboration with the expert legal counsel from leading mortgage banking law firms.
"The CFPB Supervision and Examination Manual is over nine hundred pages long and covers thousands of pages of regulations," said David H. Stevens, President and CEO of MBA. "The MBA Compliance Essentials program will be a much needed resource to companies that must build compliance management systems to comply with these new regulations."