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John Zasada, Compliance Consulting Director, Financial Institutions Group

On Dec. 11, 2020, the Consumer Financial Protection Bureau (CFPB) issued its Fall 2020 Rulemaking Agenda. The document lists the regulatory areas the CFPB plans to focus on between November 2020 and November 2021. Some of these areas have already been addressed by the CFPB, including three final rules on qualified mortgages and a final rule on the Fair Debt Collections Practices Act (FDCPA).  Upcoming CFPB regulatory actions include the following:

  • FDCPA disclosure final rule
  • LIBOR Index final rule
  • Appraisal proposed rule
  • Mortgage servicing final rule
  • Home Mortgage Disclosure Act proposed rules

On its long-term agenda, the CFPB plans to address the TILA/RESPA Integrated Disclosures (TRID) rule and payday loans.

Gain more insight on regulatory compliance requirements by reaching out to Doeren Mayhew today.