The Consumer Financial Protection Bureau (“CFPB”) released its Semi-Annual Report to Congress. This report is the fifth and final of its kind issued by Director Kraninger. Unlike prior editions, this ...
The Consumer Financial Protection Bureau issued a final rule adding a new exemption from the escrow requirements for certain higher-priced mortgage loans (“HPMLs”). Specifically, this applies to loans made by ...
The Consumer Financial Protection Bureau “(CFPB”) announced the beta release of the HMDA platform for filing data collect in 2021. The beta platform is available for testing purposes only and ...
At the end of 2020, the Consumer Financial Protection Bureau (“CFPB”) issued an Approval Order under the Policy on the Compliance Assistance Sandbox. The Approval Order allows the applicant, Synchrony ...
The CFPB issued an advisory opinion on special purpose credit programs to address uncertainty related to Regulation B and its applicability to aspects of special purpose credit programs that are ...
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 ...
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 ...
The Consumer Financial Protection Bureau (“CFPB”) published two additional Home Mortgage Disclosure Act (“HMDA”) FAQs this week. The new FAQs relate to multiple data points and reporting requirements when information ...
The Consumer Financial Protection Bureau issued a Final Rule updating the Regulation Z threshold amounts for the Minimum Interest charge, Credit Card penalty fee amounts, HOEPA loans, and Qualified Mortgages ...
On June 29, 2020, the Supreme Court ruled that the Consumer Financial Protection Bureau (CFPB), a governmental agency run by a single director, was unconstitutional because it violated the Constitution's ...