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. ...
On May 4, 2020, the IRS posted Coronavirus-related relief for retirement plans and IRAs FAQs. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), enacted on March 27, 2020, ...
The Consumer Financial Protection Bureau (“CFPB”) issued a new interpretive rule (the “Rule”) in light of the current COVID-19 pandemic which addresses a creditors use of revised loan estimates due ...
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 ...
On April 24th, the Consumer Financial Protection Bureau (CFPB) published an updated version of a blog post originally posted on March 31, 2020 that provided mortgage relief options for borrowers ...
In light of COVID-19, the Federal Reserve released an interim rule to Regulation D on April 24, 2020 suspending the 6 per month limit on savings deposits. In March, the ...
On April 10, 2020, the IRS issued Notice 2020-23 that postponed numerous time-sensitive acts – many of which are IRA related. Included in this list of time-sensitive acts are IRA ...
The National Automated Clearing House Association (Nacha) has released guidance regarding ACH transfers in light of COVID-19. Nacha reminds financial institutions of the importance of reviewing their business continuity plans ...
During the weekend of May 16, 2020, Fannie Mae will be implementing updates to their Desktop Underwriter (DU) Version 10.3. These updates will apply to loans using DU Version 10.3 ...
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 ...