Tag: Regulatory Updates

CFPB Issues Final Rule Raising Data Reporting Thresholds Under HMDA

On Thursday, April 16, the CFPB announced an amendment to Regulation C raising the loan-volume coverage thresholds for financial institutions reporting data under the Home Mortgage Reporting Act (HMDA).

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Fannie Mae and Freddie Mac Address Transition from LIBOR to SOFR

The Federal Housing Finance Agency announced the process by which Fannie Mae and Freddie Mac plan to transition from the use of LIBOR to SOFR as the standard index rate for adjustable rate mortgage (ARM) loan products.

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Mortgage Broker and FTC Settle Over Yelp Reviews

On January 7th, the FTC alleged that a California mortgage broker violated federal law by posting its borrowers’ personal financial information on Yelp.

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CFPB Publishes 2020 Rulemaking Agenda

On November 22, the CFPB released its list of regulatory matters that it “reasonably anticipates having under consideration during the period from October 1, 2019 to September 30, 2020.”

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CFPB Requests Public Comment on The Assessment of TRID

The CFPB announced its intent to publish an assessment report on the effectiveness of the TRID Rule.

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CFPB Announces Federal Consumer Financial Law Task Force

On October 11, the CFPB announced a new task force to harmonize and modernize federal consumer financial laws.

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CFPB Announces Enhancements to Consumer Complaint Database

On September 18th, the CFPB announced changes to its public consumer complaint database.

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CFPB Releases Qualified Mortgage ANPR

On July 25th, the CFPB issued an Advance Notice of Proposed Rulemaking (ANPR) requesting input on the so-called ‘GSE Patch.’

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FTC Proposes Additional Requirements to GLBA Safeguards Rule

A summary of the FTC's proposed specific requirements and what to expect from the final rule.

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Auto Lenders Beware: State Regulatory Enforcers Step In Where Federal Enforcers Back Off

Increased regulation from state enforcers put more pressure on auto lenders.

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