CFPB moves Section 1071 compliance dates forward; ICE launches APOR Index; CFPB to continue lawsuit against Student Loan Pro; DOJ seeks to end Lakeland Bank consent order early; California’s CRA bill moves forward; CFPB acting enforcement director resigns; Georgia approves changes to residential mortgage licensing law; RiskExec updates software to comply with the NY CRA.
Years after the agency first sought public comments on the regulation, the SEC’s Office of Structured Finance is interested in taking another crack at finding ways to improve the rules for ABS.
Sen. Tim Scott, R-SC, chair of the Senate Committee on Banking, Housing and Urban Affairs, said the move wouldn’t affect the CFPB’s existing ability to request funds from Congress.
The CFPB has sent five regulations to the Office of Management and Budget for review, including the loan originator compensation and mortgage servicing rules.