Posted by anotaryinva on 9/16/12 7:17pm
Msg #434659

New Law, new ref n/m

Reply by anotaryinva on 9/16/12 7:19pm
Msg #434660

Sorry, new law, new regulation, new whatever

Can someone, anyone give me the link to this, if it is over 3 paper, give me the page #. thanks.

Reply by Gregory/CA on 9/16/12 7:38pm
Msg #434663

I don't understand your request. What's the subject matter n/m

Reply by ToniK on 9/16/12 10:19pm
Msg #434685

Re: Sorry, new law, new regulation, new whatever

I doubt we will get a true answer about this. Only one company has said something about it and they dont require a particular background check. Just anyone in the last year will do. Either way, I want to read this so called new regulation myself.

Reply by ReneeK_MI on 9/17/12 5:32am
Msg #434694

Well, I'm guessing at what you're looking for ...

Here is a link to a bulletin from the CFPB in reference to the risk management of service providers, which is what I'm going to guess is what you're looking for? The bulletin contains links to the deeper aspects.

My OWN nutshell version: As it applies to us specifically, nobody (lenders, title agents) can distance themselves from any potential risks to consumers that we might pose. Just because they might not have contracted directly with any service provider provides them with zero protection, they are legally responsible.

http://files.consumerfinance.gov/f/201204_cfpb_bulletin_service-providers.pdf

From the homepage of CFPB, under the "Law & Regulation" tab, you will find everything else (under one heading or another). Most of the rules we've seen discussed in the forum are still open for comment, and bulletins outlining them can be found under the "Guidance" section of the above tab.

http://www.consumerfinance.gov

Reply by ikando on 9/17/12 7:30am
Msg #434696

Re: Well, I'm guessing at what you're looking for ...

I read the Federal Register documentation of this new rule because of PayPal's requirements for personal information on a business account. As I read it, if someone sells stamps from a store not a post office, they are to follow this rule. PayPal says it's a law that went into effect in April 2012. I don't see anything other than a rule that hasn't been finalized, and that is very invasive by the stated requirements.