In letters dating back to 2016 and 2017, several financial institutions submitted requests for an exemption or interpretation regarding application of the customer identification program (“CIP”) to insurance premium finance ...
Yesterday, the Consumer Financial Protection Bureau (“CFPB”) made Issue 22 of its Supervisory Highlights available. This Issue covers examination topics identified between September 2019 and December 2019. One of the ...
The CFPB’s Consumer Credit Panel (CCP) published a report on “consumer credit outcomes stemming from the immediate and dramatic shocks to consumer and household income” resulting from the COVID-19 pandemic. ...
The IRS issued Notice 2020-68, that provides guidance on the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) that was enacted in December 2019 in a question-and-answer format. Topics ...
The Department of Veterans Affairs (VA) has revised its Form 26-8261a Request for Certificate of Veteran Status (JUL 2020). The following changes have been made and are effective immediately: The ...
On September 2, 2020, Fannie Mae published SEL-2020-05 to announce the following revisions to its Selling Guide: A manufactured home is now eligible as an accessory dwelling unit. The comparable ...
The IRS has announced tax relief for victims of Hurricane Laura IR-2020-197 by extending the filing deadline for filing various individual and business tax returns and to make payments from ...
The IRS has announced tax relief for victims of Iowa derecho and victims of California wildfires in IR-2020-190 and IR-2020-191 by extending the filing deadline for filing various individual and ...
On August 18, 2020 the Consumer Financial Protection Bureau (“CFPB”) issued a notice of proposed rulemaking to amend the Ability to Repay/Qualified Mortgage (“ATR/QM”) rule in Regulation Z. This proposal ...
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 ...