On Feb. 6, 2020, the Consumer Financial Protection Bureau (CFPB) Director Kathleen Kraninger provided the CFPB Fall 2019 Semi-Annual Report to Congress. The Semi-Annual Report explains the initiatives undertaken by the CFPB and the status of each. Of particular interest is the CFPB is considering dropping the 43% debt-to-income ratio requirement in the qualified mortgage rule, with a proposal on the changes possibly coming in May 2020. The CFPB is currently weighing the approximately 100 comments it received on the Request for Information on the Remittance Rule. The CFPB is also evaluating the comments received on the Fair Debt Collection Practices Act (Regulation F) proposal and Payday Lending proposal. In other news, Director Kraninger reported that the CFPB received 352,500 consumer complaints between 2018 and 2019, which is a 7% increase from the previous period.