Today the CFPB announced that the Filing Instructions Guide for data collected in 2021 and reportable in 2022 is now available. The Supplemental Guide for Quarterly Filers, including the 2021 ...
The Consumer Financial Protection Bureau (“CFPB”) published two additional Home Mortgage Disclosure Act (“HMDA”) FAQs this week. The new FAQs relate to multiple data points and reporting requirements when information ...
The Consumer Financial Protection Bureau issued a Final Rule updating the Regulation Z threshold amounts for the Minimum Interest charge, Credit Card penalty fee amounts, HOEPA loans, and Qualified Mortgages ...
The Consumer Financial Protection Bureau (CFPB) has issued a Compliance Aid containing three (3) Frequently Asked Questions (FAQs) related to open-end, not home-secured, lending in light of the Covid-19 pandemic. ...
The Consumer Financial Protection Bureau (“CFPB”) issued an interpretive rule (the “Rule”) regarding a consumer’s right to waive or modify certain timing requirements under the TILA-RESPA Integrated Disclosure (“TRID”) and ...
The Consumer Financial Protection Bureau (“CFPB”) issued a final rule (the “Rule”) raising the Home Mortgage Disclosure Act (“HMDA”) amending Regulation C and raising reporting thresholds for closed-end mortgages from ...
The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) (collectively the “Agencies”) issued an ...
In March, an interagency statement was issued related to section 401 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) related to relief from troubled debt restructures (TDRs) ...
On March 26, 2020 the CFPB released a policy statement in which it reiterated its guidance encouraging financial institutions to make “prudent efforts undertaking in good faith” to work constructively ...
On March 18, 2020, the Department of Veterans Affairs (VA) published Circular 26-20-8 regarding the foreclosure moratorium for borrowers who are affected by Coronavirus COVID-19. The VA provides additional information ...