April 30, 2020 NASCUS Report

THIS WEEK: Bureau delays QM rule compliance date to next year; Summary looks at proposed delay in debt collection regs; Consumer complaints raged in minority counties; Ito offers look at key state system issues; Education events coming in May, June; BRIEFLY: Demise of LIBOR explained; Signs of inflation ahead, but that’s about it

Bureau moves QM final rule compliance date to Oct. ‘22

(April 30, 2021) Compliance with a final rule on “qualified mortgages” (QM) is delayed to Oct. 1, 2022, the CFPB said this week, asserting that the pause would allow lenders…

Summary tackles proposed delay on debt collection rules

(April 30, 2021) The proposed delayed compliance dates for two debt collection rules from CFPB issued under the Fair Debt Collection Practices Act (FDCPA) has been summarized by NASCUS and…

Minority counties submitted more consumer complaints

(April 30, 2021) More complaints – particularly about credit or consumer reporting — were received in 2019 and 2020, on a per capita basis, from consumers living in predominantly minority…

Key issues for states ahead outlined in presentation

(April 30, 2021) Issues and policies being pursued by the state system were outlined this week by NASCUS President and CEO Lucy Ito during a presentation hosted by CU*Answers’ “The…

NASCUS readies May, June educational events

(April 30, 2021) NASCUS opens its human resources (HR) webinar series in May, setting the stage for even more events in June on issues related to marijuana and hemp those…

BRIEFLY: Fact sheet on LIBOR demise published; Powell inflation indicators only ‘transitory’

(April 30, 2021) A two-page fact sheet that lays out what’s behind the demise of the London Interbank Offer Rate (LIBOR), a widely used rate used for such lending products…

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