In its latest Supervisory Highlights report, the Consumer Financial Protection Bureau emphasized violations involving Loan Officer Compensation and Changed Circumstances that NRMLA felt should be shared with the membership. The … more CFPB Report Highlights Lender Violations
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CFPB Publishes 2021-2022 Rulemaking Agenda
By Weiner Brodsky Kider The CFPB recently published its latest semiannual regulatory agenda of planned rulemaking activities for the period from November 1, 2021, to October 31, 2022. … more CFPB Publishes 2021-2022 Rulemaking Agenda
CFPB Outlines Options To Prevent Algorithmic Bias In Appraisals
The Consumer Financial Protection Bureau published a 42-page paper that outlines options for ensuring that computer models used to help determine home valuations are accurate and fair. The … more CFPB Outlines Options To Prevent Algorithmic Bias In Appraisals
OCC Requests Comment on Reverse Mortgage
The Office of the Comptroller of the Currency is soliciting comments concerning the renewal of its information collection titled “Reverse Mortgage Products: Guidance for Managing Compliance and Reputation … more OCC Requests Comment on Reverse Mortgage
CFPB Issues Final Rule to Facilitate Transition from LIBOR
The Consumer Financial Protection Bureau (CFPB) published a final rule that facilitates the transition away from the LIBOR interest rate index for consumer financial products. The rule establishes … more CFPB Issues Final Rule to Facilitate Transition from LIBOR
CFPB Rescinds COVID Supervisory Policy Statements
Since most financial institutions have overcome workplace and customer service challenges initially created by COVID-19, the Consumer Financial Protection Bureau announced it would begin exercising its full supervisory … more CFPB Rescinds COVID Supervisory Policy Statements
New York HECM Approval Announcement
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CFPB Issues Final Rule on HMDA Thresholds
The Consumer Financial Protection Bureau issued a final rule today raising the loan-volume coverage thresholds for financial institutions that must report data under the Home Mortgage Reporting Act (HMDA). … more CFPB Issues Final Rule on HMDA Thresholds
CFPB Releases Policy Statement on Abusive Acts and Practices
The Consumer Financial Protection Bureau issued a policy statement regarding how it intends to apply the “abusiveness” standard in supervision and enforcement matters. To read the policy statement … more CFPB Releases Policy Statement on Abusive Acts and Practices
CFPB Names Members Of Taskforce on Federal Consumer Financial Law
The Consumer Financial Protection Bureau announced four members who will serve on the Taskforce on Federal Consumer Financial Law. Taskforce members will examine the existing legal and regulatory … more CFPB Names Members Of Taskforce on Federal Consumer Financial Law
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