Questions and answers from the May/June 2021 ABA Regulatory Policy and Compliance Inbox.
The Consumer Financial Protection’s fair lending work “is and will continue to be a critical component of the bureau and the federal government’s response to the pandemic and the elimination of racial injustice,” the bureau noted this week in its annual Fair Lending Report to Congress.
Acting Consumer Financial Protection Bureau Director Dave Uejio today signaled that the bureau may move to reconsider recent final rulemakings on Qualified Mortgages and debt collection.
The American Bankers Association today urged the Department of Justice to reexamine how it defines geographic markets in its guidelines for reviewing competitive effects of bank mergers and acquisitions, saying they currently “fail to account for significant competition in many product lines, especially in many rural markets.”
The Federal Financial Institutions Examination Council today released the 2019 Home Mortgage Disclosure Act data on mortgage lending transactions at 5,508 financial institutions.
In an interpretive rule issued today, the CFPB provided guidance on how it will determine which counties qualify as “underserved” for a given calendar year, as required by Regulation Z.
The Federal Housing Finance Agency today finalized several changes to the housing goals for the Federal Home Loan Banks.
In a final rule issued today, the Consumer Financial Protection Bureau raised the reporting thresholds for banks reporting data under the Home Mortgage Disclosure Act.
To help banks focus on responding to their customers’ needs during the coronavirus pandemic, the Consumer Financial Protection Bureau today announced it will postpone certain data collections for CFPB-related rules.
The Consumer Financial Protection Bureau today announced updates to its rulemaking agenda for 2019. Significantly, the bureau said that it is considering initiating a rulemaking or issuing guidance to address the interplay between Regulation Z and requirements under the Electronic Signatures in Global and National Commerce Act.