CFPB Issues Final Rules Clarifying Role of Supervisory Guidance, Escrow Accounts

In final actions of the Trump Administration, the Consumer Financial Protection Bureau yesterday issued two final rules. The first confirms the Bureau’s use of supervisory guidance for its supervised institutions; the second exempts certain financial institutions from establishing escrow accounts for higher-priced mortgage loans.

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.