News & Analysis as of

Dodd-Frank Wall Street Reform and Consumer Protection Act Regulation C

The Dodd-Frank Wall Street Reform and Consumer Protection Act is a United States federal statute signed into law on July 21, 2010. The Act was passed in response to the Great Recession of the late 2000s and... more +
The Dodd-Frank Wall Street Reform and Consumer Protection Act is a United States federal statute signed into law on July 21, 2010. The Act was passed in response to the Great Recession of the late 2000s and includes broad reforms related to many aspects of the financial and banking industry. Notable sections of the Act include stricter regulations of the derivatives market, as well as the Volcker Rule, which restricts the trading practices of FDIC-insured institutions.    less -
Ballard Spahr LLP

CFPB issues request for information regarding assessment of HMDA rule

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Earlier this week, the CFPB issued a Request for Information (RFI) regarding an assessment of the significant amendments to the Home Mortgage Disclosure Act rules, known as Regulation C, adopted in October 2015 and...more

Ballard Spahr LLP

CFPB Will Assess the 2015 HMDA Rule and Not Pursue Other HMDA Rulemakings

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In connection with the release of its latest semi-annual regulatory agenda, the CFPB announced that it will assess the October 2015 significant amendments to Regulation C under the Home Mortgage Disclosure Act (HMDA), and...more

Manatt, Phelps & Phillips, LLP

CFPB's Latest Proposed Rulemaking (TILA/HMDA) Focused on Mortgage Markets

It has been an unusually busy rule-making stretch for the consumer mortgage markets at the Consumer Financial Protection Bureau (CFPB or Bureau), marked by its issuance of an advanced notice of proposed rule-making (ANPR)...more

Ballard Spahr LLP

CFPB Fall 2018 rulemaking agenda confirms plans to consider rulemaking on “abusiveness” standard

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The CFPB’s Fall 2018 rulemaking agenda has been published by the Office of Information and Regulatory Affairs (OIRA) as part of its Fall 2018 Unified Agenda of Federal Regulatory and Deregulatory Actions.  (OIRA is part of...more

A&O Shearman

US Consumer Financial Protection Bureau Releases Semi-Annual Report

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The U.S. Consumer Financial Protection Bureau published its semi-annual report. The report, which is mandated by the Dodd-Frank Act, highlights and summarizes various topics the CFPB is working on, including a list of rules,...more

Troutman Pepper

The CFPB Under New Leadership: What to Expect in 2018

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Speculation about the future of the Consumer Financial Protection Bureau (CFPB) has been ever-present since Donald Trump’s victory in the 2016 Presidential election was first announced. Originally published in Delaware...more

A&O Shearman

Federal Reserve Board Repeals Regulation C and Proposes Revisions to Regulation M

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The US Board of Governors of the Federal Reserve System announced publication of a final rule repealing Regulation C. This regulation had been promulgated to implement provisions under the Home Mortgage Disclosure Act....more

Nutter McClennen & Fish LLP

Nutter Bank Report, December 2017

Federal Banking Agencies Issue New Guidance for Banks Affected by a Major Disaster - The federal banking agencies have jointly issued new guidance on the supervisory practices to be followed in assessing the financial...more

Vedder Price

New Leadership: The CFPB Announces Its Plan to Reassess the CFPB’s 2015 HMDA Rule

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On December 21, 2017, under the direction of Acting Director Mick Mulvaney, the Consumer Financial Protection Bureau (the “CFPB”) announced that it intends to reopen the rulemaking process to reconsider various aspects of the...more

Ballard Spahr LLP

CFPB identifies 2017 priorities in annual fair lending report

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In its new annual report covering its fair lending activities during 2016, the CFPB identifies the following three areas on which it “will increase our focus” in 2017...more

Ballard Spahr LLP

CFPB sending HMDA warning letters

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The CFPB announced that it is issuing warning letters to 44 mortgage lenders and mortgage brokers stating that it “has information that appears to show that your company may not be in compliance with certain provisions of the...more

Dorsey & Whitney LLP

CFPB Supervisory Highlights – January 2016 to April 2016

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On June 30, 2016, the Consumer Financial Protection Bureau (“CFPB”) released the twelfth edition of its Supervisory Highlights report (“Report”), which focused on supervision work completed between January and April 2016. The...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week in Review

Covered Broker-Dealer Provisions Under Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act - On February 17, the Securities and Exchange Commission and the Federal Deposit Insurance Corporation...more

Orrick - Finance 20/20

Federal Reserve Board Issues Repeal of Regulation AA and Requests Comment on Proposal to Repeal Regulation C

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On February 11, the Federal Reserve Board announced: (i) the repeal of Regulation AA, which regulated unfair practices; and (ii) the proposed repeal of Regulation C, through which it effectuated the laws contained in the Home...more

Ballard Spahr LLP

Federal Reserve Repeals Regulation AA, Proposes Repeal of Regulation C

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The Federal Reserve Board (Board) is repealing Regulation AA, which includes the Board's credit practices rule, effective March 21, 2016. The Board is also proposing to repeal its Regulation C, which historically implemented...more

WilmerHale

CFPB Issues Final Rule to Improve Information About Access to Credit in the Mortgage Market

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On October 15, 2015, the Consumer Financial Protection Bureau (CFPB) issued a final rule to implement amendments to the Home Mortgage Disclosure Act (HMDA) made by the Dodd-Frank Wall Street Reform and Consumer Protection...more

Ballard Spahr LLP

CFPB issues final HMDA rule

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The CFPB has issued a final rule amending Regulation C, its Home Mortgage Disclosure Act regulation. The changes, which, in part, implement the Dodd-Frank Act’s amendments to HMDA, expand the scope of data required to be...more

Williams Mullen

Proposed Rules Published on Dodd-Frank Changes to Home Mortgage Disclosure Regulations

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On August 29, 2014, the Bureau of Consumer Financial Protection (the “Bureau”) issued a proposed rule and request for public comment on changes to its Regulation C (Home Mortgage Disclosure) to implement changes to the Home...more

Ballard Spahr LLP

CFPB expands HMDA reporting requirements

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The CFPB issued a proposed rule amending Regulation C to expand data reporting requirements for mortgage industry participants. The proposed rule is 573 pages and our Mortgage Banking Group will analyze the proposal and work...more

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