On March 22, 2020, the FRB, FDIC, NCUA, OCC, and CFPB issued an interagency statement providing information to institutions working with borrowers affected by Coronavirus/COVID-19. In general, the statement encouraged ...
On March 6, 2020, the Consumer Financial Protection Bureau (“CFPB”) added a new frequently asked question (“FAQ”). The new question can be found under the heading, “Ethnicity, Race, and Sex, ...
The Internal Revenue Service (IRS) has published an update to Form 8821 Tax Information Authorization (rev. 2-2020). The most substantial changes are to the language in number 3. Tax Information, ...
Today marks the inaugural publication of Secured Overnight Financing Rate (SOFR) Averages and a SOFR index by the Federal Reserve Bank of New York (New York Fed). The New York ...
The Consumer Financial Protection Bureau has posted new frequently asked questions (“FAQs”) related to the TILA-RESPA Integrated Disclosure (“TRID”). There are 21 FAQs related to five topics, which are: 1) ...
Today, the Federal Deposit Insurance Corporation (“FDIC”) announced the members for the new Advisory Committee of State Regulators (“ACSR”). In November of 2019, the FDIC Board approved the establishment of ...
As we reported late last year, the Supreme Court is getting ready to hear oral arguments in the Selia Law, LLC v CFPB case. Late last week, we saw a ...
Last week, the Consumer Financial Protection Bureau (“CFPB”) issues its 21st edition of Supervisory Highlights in which they summarize examination findings in the areas of debt collection, mortgage servicing, payday ...
In the Fall of 2019 the Consumer Financial Protection Bureau (“the Bureau”) published a request for information to reassess the integrated mortgage disclosures under the Real Estate Settlement Procedures Act ...
The Federal Financial Institutions Examination Council (FFIEC) released 2020 Edition of “Guide to HMDA Reporting: Getting it Right.” The updated Guide incorporates the HMDA Rule issued by the Consumer Financial ...