November 30, 2021
Are you ready?
Per the CFPB, Regulation F is now official as of today. Thank you to those who have read the blogs, attended the webinars and returned the itemization form as requested. Business continuity with FSGB will continue uninterrupted for all that have returned the validation forms. For those who haven’t done these things above, the ability to list accounts with FSGB Inc. will be suspended till we receive the form as required by Reg F. If you do try and list accounts without the itemization form returned to us, the accounts will not be in compliance with the new requirement. We will have no other option than deleting those records until the itemization form has been returned to us. At that time, you can resubmit the accounts. As of today, 2 different client’s accounts had to be deleted because the itemization form was not returned to us. I have included the links to our first blog and a webinar relating to the itemization form. I have also included a link to an itemization form that needs to be filled out to list any future accounts. Please read the blogs, listen to the webinars to get a full understanding of the requirement. We surely don’t want to delete any accounts listed, but we must stay in compliance with the new requirements. Thanks for your continued business and have a great rest of the week.
Here is the link to are first blog about Itemization Dates.
This is the link to the itemization form
Here is our first webinar about Itemization Dates.
Here is our webinar about ClientConnect.
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