The IRS recently revised Form 4506-T Request for Transcript of Tax Return (rev. March 2019). The revisions are minimal text changes only, which include correcting the reference to “line 5” ...
On March 12, 2019, the Consumer Financial Protection Bureau (“CFPB”) published the 18th edition of its Supervisory Highlights. The purpose of the Supervisory Highlights is to aid CFPB supervised entities ...
New Bulletin Regarding Key Data Fields Typically Used to Test and Validate the Accuracy of HMDA Data
The Office of the Comptroller of the Currency (“OCC”) published Bulletin 2019-12 to inform national banks, federal savings associations, and federal branches and agencies about key data fields that the ...
A new publication was issued by the Veterans Benefits Administration on February 14, 2019 related to the new guaranteed cash-out home loan refinancing rules which became effective on February 15, ...
The Consumer Financial Protection Bureau (“CFPB”) published its Semi-Annual Report to Congress for the period ending September 30, 2018. This is the first Semi-Annual Report published by the new CFPB ...
On February 12, 2019, a joint release was issued by several federal regulatory agencies requiring regulated institutions to accept private flood insurance in addition to National Flood Insurance Program policies. ...
In late January, the CFPB provided a document addressing a number of frequently asked questions (FAQ’s) generally pertaining to the issuance of corrected Closing Disclosures and whether use of model ...
On Monday, the Bureau of Consumer Financial Protection (“CFPB”) launched a beta version of its HMDA reporting platform. In order to use the platform, the institution must have a Legal ...
The Bureau of Consumer Financial Protection, Federal Reserve Board of Governors, and the Office of the Comptroller of the Currency (the “Agencies”) announced an increase in the exemption threshold for ...
The Federal Reserve Board and the Bureau of Consumer Financial Protection (the “Agencies”) announced an increase in the thresholds applicable in determining if a consumer credit or consumer lease transaction ...