ABA mortgage advocacy update: Feb. 4, 2025
ABA continues its advocacy efforts on multiple issues that impact mortgage lending. Here is a rundown of important recent activities.
Tag: TILA-RESPA integrated disclosures
CFPB Issues Interpretive Rule on Juneteenth-Related Mortgage Closing Delays
The Consumer Financial Protection Bureau today issued a long-awaited interpretive rule providing clarity on how the newly enacted Juneteenth holiday ...
Must the Bank Update the Loan Estimate if It Becomes Aware of Increases to Fees Unrelated to Extension of Rate Lock Agreement?
Questions and answers from the July/August 2021 ABA Regulatory Policy and Compliance Inbox.
CFPB Comments on Juneteenth Questions During ABA Regulatory Conference
Today, a panel of representatives from the FDIC, OCC, the Federal Reserve and the Consumer Financial Protection Bureau discussed a ...
CFPB Issues Statement on Juneteenth Mortgage Closing Delays, Signals Further Guidance
After advocacy by ABA, the Consumer Financial Protection Bureau issued a statement last night on mortgage closing delays that might ...
ABA Urges CFPB to Provide Guidance on Last-Minute Holiday’s Effects on Mortgage Closing
Despite urgent requests from ABA and others, the Consumer Financial Protection Bureau has thus far indicated to ABA staff that ...
May I Send Adverse Action Notices to Joint Applicants at the Same Mailing Address—Even if They Reside at Different Addresses?
. . . and other questions and answers from the March/April 2021 ABA Regulatory Policy and Compliance Inbox.
CFPB Assessment Finds TRID Rule Imposed ‘Sizable’ Costs for Lenders
The Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosure Rule “appears to have created sizable implementation costs for lenders,” the bureau ...
CFPB Updates Process for Determining ‘Underserved’ Counties
In an interpretive rule issued today, the CFPB provided guidance on how it will determine which counties qualify as “underserved” ...
CFPB Announces Relief From TRID, Reg Z Waiting Periods
The Consumer Financial Protection Bureau issued an interpretive rule yesterday clarifying that, due to the COVID-19 emergency, consumers have a ...
