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Home » Topics » Inside the CFPB » Regulation

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OCC’s CRA Final Rule Makes Mortgage Accommodations

May 26, 2020
Yemeng Yang
The Office of the Comptroller of the Currency last week went it alone to finalize its Community Reinvestment Act overhaul. The final rule would restore the geographic distribution test for mortgage lending.
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Credit Card Issuers Granted Flexibility in Billing Disputes

May 26, 2020
Yemeng Yang
The CFPB recently issued guidance to provide flexibility to credit card issuers in resolving billing disputes with small businesses impacted by the coronavirus pandemic.
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CFPB Coordinating COVID Response with Other Agencies

May 26, 2020
Yemeng Yang
The CFPB and the Conference of State Bank Supervisors jointly issued a consumer relief guide detailing borrowers’ rights under the CARES Act.
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Guidelines on ECOA Valuation Rule

May 26, 2020
Yemeng Yang
The bureau recently issued two factsheets addressing transaction coverage and appraisal delivery requirements under the Equal Credit Opportunity Act’s valuation rule.
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CFPB Allows Borrowers to Modify Waiting Periods

May 11, 2020
Yemeng Yang
Consumers facing pandemic-related financial emergencies can seek modifications or waivers regarding certain waiting period requirements under the TILA-RESPA Integrated Disclosure and Regulation Z rules.
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CFPB Urges FCC to Allow Certain COVID-19 Robocalls

May 11, 2020
Yemeng Yang
Several trade and consumer groups are lobbying the Federal Communications Commission to exempt robocalls regarding forbearance options during the pandemic from the Telephone Consumer Protection Act.
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Democrats Want HMDA Reporting Suspension Lifted

May 11, 2020
Yemeng Yang
Lawmakers, led by Sen. Sherrod Brown, D-OH, are urging Director Kathy Kraninger to not weaken the bureau’s ability to identify discriminatory lending patterns, particularly during the pandemic.
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CFPB Appointees Accused of Manipulating Payday Rule

May 11, 2020
Yemeng Yang
A former economist at the CFPB on his last day accused Trump appointees at the bureau of manipulating the research process to justify the payday lend-ing rule overhaul, according to a leaked memo.
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Qualified Mortgage Rulemaking Remains a Question

April 27, 2020
Yemeng Yang
There is no doubt the CFPB will extend the qualified-mortgage patch, but whether it will push ahead with changes to the framework is another question, according to industry attorneys.
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CFPB Finalizes Increase in HMDA Reporting Thresholds

April 27, 2020
Yemeng Yang
Amid talk about regulatory delays due to the lockdown, the CFPB finalized a rule on collecting and reporting data under the Home Mortgage Disclosure Act. More rulemaking could follow.
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