On May 3, 2021, Consumer Financial Protection Bureau's (CFPB) Acting Director Dave Uejio and the Federal Trade Commission's (FTC) Acting Chairwoman Rebecca Slaughter sent notification letters to the country's largest...more
5/7/2021
/ Centers for Disease Control and Prevention (CDC) ,
Coronavirus/COVID-19 ,
Debt Collection ,
Enforcement Authority ,
Eviction ,
FDCPA ,
Financial Distress ,
Infectious Diseases ,
Landlords ,
Moratorium ,
Relief Measures ,
Rent ,
Rental Property ,
Tenants
On April 21, 2021, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will extend certain loan origination flexibilities, including alternative appraisals on purchase and rate-term refinance...more
4/22/2021
/ Borrowers ,
Coronavirus/COVID-19 ,
Fannie Mae ,
FHFA ,
Financial Services Industry ,
Freddie Mac ,
Housing Market ,
Infectious Diseases ,
Loan Origination Funds ,
Loans ,
Mortgages ,
Refinancing
On April 1, 2021, the Consumer Financial Protection Bureau rescinded seven policy statements issued between March 26 through June 3, 2020 that provided temporary relief from certain regulatory obligations during the COVID-19...more
4/2/2021
/ Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
Fair Credit Reporting Act (FCRA) ,
Financial Services Industry ,
HMDA ,
ILSA ,
Infectious Diseases ,
Policy Statement ,
Prepaid Payment Products ,
Regulation J ,
Regulation V ,
Relief Measures
The Consumer Financial Protection Bureau this week urged financial institutions and debt collectors to allow federal stimulus payments to reach consumers. Although the CFPB did not issue any new requirements or specific...more