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 ...
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 ...
On April 14, 2020, Fannie Mae and Freddie Mac (the GSEs) released a joint announcement regarding the extension of the implementation timeline for the redesigned URLA (Fannie Mae Form 1003 ...
On April 10, 2020, the Bureau of Consumer Financial Protection ("Bureau") released a policy statement that during the COVID-19 pandemic it will not cite supervisory violations or initiate enforcement actions ...
On Thursday April 9, 2020, the IRS issued Notice 2020-23 providing expanded coronavirus relief including IRA rollovers. The rollover relief provides increased flexibility for IRA owners looking to complete a ...
In March, an interagency statement was issued related to section 401 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) related to relief from troubled debt restructures (TDRs) ...
The California Attorney General's office has released a statement that they will not be delaying the California Consumer Privacy Act's ("CCPA") July 1st enforcement date. A coalition that includes a ...
On April 8, 2020, Freddie Mac published Bulletin 2020-10 to provide temporary guidance in response to feedback from servicers regarding previous Bulletins 2020-4 and 2020-7 (these provided temporary servicer guidance ...