Debi,

Thanks for posting.  I have not seen much chatter among the abstractor community about the CFPB rules, and how they will affect the independent abstractors.  As I understand it, the lenders will be held responsible for the actions of, not only their vendors, but also those of subcontractors.  Thus, the same standards of compliance will by applied to all with respect to consumer privacy protection, and the ability to demonstrate compliance with all CFPB rules that concern our field.

I hope to be able to go to this conference, and I applaud NALTEA for its efforts to inform its abstractor members of the comming changes.  Last year's conference in Clearwater featured presentations by founding members of NAILTA (National Association of Independent Land Title Agents) as the rules were being considered and drafted by the CFPB.  Now that the rules are known, it seems to me that we will need to be thinking about what we will need to do to comply.

Whether, as I expect, the changes will have a significant effect on how we do business, or I am overreacting and the effect will be minimal, I think the conversation needs to be had.