The Consumer Financial Protection Bureau yesterday issued a Policy Statement announcing a new designation for certain Bureau guidance materials, referred to as “Compliance Aids.”
Tag: Consumer Financial Protection Bureau
The CFPB Policy Statement on ‘Abusive Acts or Practices:’ What it Means
On Friday, the Consumer Financial Protection Bureau issued a policy statement providing a “common-sense framework” on how it intends to apply the “abusiveness” standard in supervision and enforcement matters–a clarification long-awaited by Mortgage Bankers Association and the real estate finance community.
MBA, Trade Groups Raise Concerns over TRID Brokered Transactions
The Mortgage Bankers Association, in a letter last week to the Consumer Financial Protection Bureau, said as the Bureau assesses the effectiveness of its TRID Integrated Disclosure Rule it should reconsider provisions of the rule regarding wholesale creditors and brokered transactions.
MBA Statement on CFPB Letter to Congress on QM Standard
On Jan. 17, Consumer Financial Protection Bureau Director Kathy Kraninger sent a letter to members of Congress, signaling proposed changes to the current Qualified Mortgage standard.
Breaking MBA Advocacy Update: CFPB Letter Signals Changes to QM Rule
On Friday, Consumer Financial Protection Bureau Director Kathy Kraninger sent a letter to Congress outlining the Bureau’s plan for a revised Qualified Mortgage Standard.
CoreLogic: With QM GSE ‘Patch’ Set to Expire, Impact Warrants Closer Investigation
In two blog posts last week, CoreLogic, Irvine, Calif., examined the relationship between loan pricing and loan performance in context of the coming expiration of the Consumer Financial Protection Bureau’s Qualified Mortgage “GSE Patch.” The blogs noted little distinction in loan delinquencies in certain rate spread categories, but noted closer investigation is warranted.
CFPB to Assess Integrated Mortgage Disclosure Rule
The Consumer Financial Protection Bureau said it would conduct and assessment on the TRID Integrated Disclosure Rule under the Truth in Lending Act and the Real Estate Settlement Procedures Act.
CFPB to Assess Integrated Mortgage Disclosure Rule
The Consumer Financial Protection Bureau said it would conduct and assessment on the TRID Integrated Disclosure Rule under the Truth in Lending Act and the Real Estate Settlement Procedures Act.
CFPB’s Fall Regulatory Agenda: LO Comp, Industry Issues on Radar Screen
The Office of Management and Budget released its Fall Regulatory Agenda, and the Consumer Financial Protection Bureau indicated that changes to Mortgage Loan Originator compensation–a long time regulatory priority of the Mortgage Bankers Association–appears to be high on the radar screen.
CFPB Issues Final HMDA Rule for Smaller Institutions
The Consumer Financial Protection Bureau last week issued a rule that finalizes certain aspects of its May Notice of Proposed Rulemaking under the Home Mortgage Disclosure Act.