News stories tagged CFPB
CFPB puts brakes on new QM rule
(March 5, 2021) The mandatory compliance date of the general qualified mortgage (QM) final rule would be delayed 15 months (from July 1 to Oct. 1, 2022) under a proposal...
Bureau says action need to prevent evictions
(March 5, 2021) The day before CFPB Director Nominee Rohit Chopra’s appearance before a Senate committee considering his nomination, the bureau released a report from the current acting director saying...
Nominee calls for fair, effective mortgage market oversight
(March 5, 2021) Saying he looks forward to approaching with an open mind the mission of the CFPB, director nominee Rohit Chopra told a Senate panel this week that fair...
Ability-to-repay/QM rules updated in guide
(Feb. 26, 2021) Updates to the small-entity compliance guide on the ability-to-repay/qualified mortgage (QM) rule were also issued this week by the bureau, reflecting amendments to last year’s final rules...
Revising – or revoking – ‘seasoned QM’ rule under consideration
(Feb. 26, 2021) Revoking or revising the “seasoned” qualified mortgage (QM) final rule issued in December is under consideration by CFPB, according to a statement issued this week by the...
Acting bureau director voices aggressive tone
(Feb. 12, 2021) The CFPB is voicing a more aggressive tone under the leadership of Acting Director Dave Uejio, as evidenced by two initiatives he announced this week. Uejio is...
March 1 HMDA filing date coming up
(Feb. 12, 2021) Credit unions required to file reports on home mortgage loan applications made last year have until March 1 to do so, NCUA reminded this week in a...
Summary outlines complex ‘seasoned QM’ rule
(Feb. 12, 2021) The new “seasoned qualified mortgage” (QM) from CFPB is the focus of the latest summary published by NASCUS and now available on the association’s website (to members...
Reg Alert details CFPB thresholds for Regs C, Z, V
(Feb. 5, 2021) A regulatory alert focusing on 2021 threshold adjustments published by CFPB for Regulations C, Z and V was issued this week by NCUA, noting that all three...
‘Seasoned QM’ final rule described
(Feb. 5, 2021) NASCUS’ latest summary of CFPB actions outlines the new rule on season qualified mortgages (QMs) under the Truth-in-Lending Act (Regulation Z); the summary was posted this week....
Acting bureau director ends pause on HMDA reporting
(Feb. 5, 2021) CFPB will end the agency’s “pause” on quarterly Home Mortgage Disclosure Act (HMDA) reporting for large issuers, CARD Act data collection and more, according to a public...
CFPB ‘Time-barred debt’ rule outlined
(Jan. 29, 2021) In addition to the three summaries of NCUA actions, NASCUS this week also posted a new summary of CFPB recent actions – this one on the bureau’s...