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.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
To View this Resource
A quick registration is required to view our resources. You will only be asked to do this one time (unless you don't save your browser cookies).