Jon Tavares
Senior Compliance ConsultantLatest articles from Jon Tavares
Small Business Lending Data Rule Beta Platform Launch and Ongoing Legal Challenges
The CFPB has introduced a beta platform that allows financial institutions and their technology providers to test the data submission process for the new Small Business Lending Data Rule. Senior Compliance Advisor Jon Tavares discusses the new rule, how the new beta platform tool can assist lenders in their efforts to comply, and the legal challenges facing the CFPB in implementing the new rule.
Payday Lending Rule Update: Court Decision, Effective Date, and Implementation Challenges
In June, the Consumer Financial Protection Bureau (CFPB) announced that its “Payday, Vehicle Title, and Certain High-Cost Installment Loans” rule will take effect on March 30, 2025. This announcement follows…
Transitioning from Small to Large Mortgage Servicer under the Servicing Rule
Is your institution preparing to transition from a small mortgage servicer to a larger mortgage servicer? Senior Compliance Consultant Jon Tavares provides guidance to understanding and managing the transition from small servicer to larger servicer status as set forth in the TILA-RESPA Servicing Rule under Regulations X (RESPA) and Z (TILA).
Mitigating Fair Lending Risks: Understanding Disparate Impact
Understanding and addressing disparate impact is crucial for ensuring fair lending practices. Read along with Jon Tavares as he dives into the concept of disparate impact, its implications for financial institutions, and strategies to mitigate associated risks.
Understanding Civil Money Penalties
Senior Consultant Jon Tavares explains how Civil Monetary Penalties are considered a tool to enforce compliance and deter misconduct within the banking industry.