The Seila Law, LLC v Consumer Financial Protection Bureau matter is going to heat up again quickly as oral arguments have been scheduled for March 3, 2020. The questions ripe ...
Under the Fair Credit Reporting Act, a consumer reporting agency must, upon request by a consumer disclose to the consumer information in the consumer file. When the consumer is not ...
Last week, the CFPB published a request for information to reassess the integrated mortgage disclosures under the Real Estate Settlement Procedures Act and the Truth in Lending Act. The focus ...
Effective December 28, 2019, the Taxpayer First Act limits use of tax return information to only those purposes expressly authorized/consented to by the taxpayer. Specifically, the Act amended 26 U.S.C.A. ...
In the 2015 Home Mortgage Disclosure Act (“HMDA”) Rule, the Bureau established an institution and transaction threshold which dictates whether institutions must report certain information under HMDA. The 2015 Rule ...
Fannie Mae and Freddie Mac (GSE’s) announced on Wednesday October 23rd, that they published a static version of the redesigned revised Uniform Residential Loan Application, and expect to release a ...
The Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (the “Agencies”) adopted a final rule related to ...
Last week, the U.S Senate voted to approve legislation extending the National Flood Insurance Program. The Program, set to expire September 30th, will be extended through November 21, 2019. This ...
The CFPB recently published four (4) frequently asked questions (“FAQs”) related to the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (“SAFE Act”) and the impact of amendments ...
The CFPB recently released the Filing Instructions Guide for HMDA data collected in 2020, which will be reported in 2021. The Filing Instructions Guide includes the file, data, and edit ...