Mortgages, NPRM | JD Supra

FHFA proposes changes to GSE regulatory capital framework

Orrick, Herrington & Sutcliffe LLP on 2/28/2023

On February 23, FHFA issued a notice of proposed rulemaking (NPRM) to amend the Enterprise Regulatory Capital Framework (ERCF) that governs Fannie Mae and Freddie Mac. ...more

Harmony at Last? – Coast Guard Takes Steps to Embrace State Titling Laws

Cozen O'Connor on 9/24/2021

On September 22, 2021, the U.S. Coast Guard published a Notice of Proposed Rulemaking (NPRM), which would implement various changes relating to the certification of states’ titling systems for undocumented vessels. The NPRM...more

Wiley Consumer Protection Download (April 12, 2021)

Wiley Rein LLP on 4/13/2021

Welcome to Wiley’s update on recent developments and what’s next in consumer protection at the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC). In this newsletter, we analyze recent regulatory...more

CFPB Proposes to Delay the Mandatory Compliance Date of the New General Qualified Mortgage Final Rule

Troutman Pepper on 3/12/2021

On February 23, the Consumer Financial Protection Bureau (CFPB) issued a statement that it planned to propose a rule to “delay the July 1, 2021 mandatory compliance date of the General QM Final Rule.” Consistent with that,...more

CFPB Proposes New Category of Qualified Mortgages

Orrick - Finance 20/20 on 9/2/2020

On August 18, the Consumer Financial Protection Bureau (CFPB) issued a Notice of Proposed Rulemaking (NPRM) to create a new category of qualified mortgage (QM) loans exempt from Regulation Z’s ability-to-repay requirements....more

CFPB Proposes New “Seasoned” Qualified Mortgage Category

Goodwin on 8/25/2020

On August 18, 2020, the Consumer Financial Protection Bureau (CFPB) issued a proposed rule to create a new category of loans known as “seasoned” qualified mortgages (Seasoned QMs). This new category of qualified mortgages...more

Nutter Bank Report: February 2020

Nutter McClennen & Fish LLP on 2/27/2020

Federal Reserve Revises Framework for Determining Control of a Banking Organization The Federal Reserve has adopted a final rule to simplify and clarify its regulations for determining control of a banking organization for...more

CFPB’s Rulemaking Agenda Provides Glimpse into 2020

Smith Debnam Narron Drake Saintsing & Myers,... on 1/7/2020

The CFPB’s 2020 Rulemaking Agenda provides a preview of the Bureau’s intended rulemaking activities for 2020. Here are the highlights of what we can look forward to in 2020: Business Lending Data (Pre-rule Stage): Under...more

Regulators Propose CRA Overhaul

BCLP on 12/18/2019

On Thursday, December 12, 2019, the OCC and the FDIC issued a notice of proposed rulemaking (NPR) in an effort to modernize the regulatory framework behind the Community Reinvestment Act (CRA). Last autumn, renewed...more

Home Mortgage Disclosure Act Amendments: CFPB Issues Two Regulation C Releases

Morrison & Foerster LLP on 5/7/2019

On May 2, 2019, the CFPB issued two releases related to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA). The CFPB released a notice of proposed rulemaking (NPRM) to adjust Regulation C’s loan volume...more

Orrick's Financial Industry Week In Review

Orrick, Herrington & Sutcliffe LLP on 10/6/2017

Agencies Propose Simplifying Regulatory Capital Rules - On September 27, 2017, the Federal Deposit Insurance Corporation, the Federal Reserve Board and the Office of the Comptroller of the Currency announced a proposed...more

CFPB, OCC, and Federal Reserve Propose Clarifications to Small Loan Exemption from HPML Appraisal Requirements

Morrison & Foerster LLP on 9/7/2016

On August 4, 2016, the Consumer Financial Protection Bureau (“CFPB”), the Office of the Comptroller of the Currency (“OCC”), and the Board of Governors of the Federal Reserve System (“Federal Reserve”) (together, the...more

CFPB releases Spring 2016 rulemaking agenda

Ballard Spahr LLP on 5/23/2016

The CFPB has released its Spring 2016 rulemaking agenda. The agenda sets the following timetables for key rulemaking initiatives: Arbitration. The Spring 2016 agenda does not reflect the CFPB’s release of its proposed...more

CFPB To Reopen TRID Rulemaking

Ballard Spahr LLP on 5/13/2016

In a letter dated April 28, 2016, addressed to industry trades and their members and signed by Director Richard Cordray, the Consumer Financial Protection Bureau (CFPB) announced its intention to reopen the rulemaking for the...more

FCC’s Proposed Regulations Would Gut TCPA Exception for Debts Owed to or Guaranteed by U.S.

Ballard Spahr LLP on 5/13/2016

The Bipartisan Budget Act of 2015 (Act) amended the Telephone Consumer Protection Act (TCPA) to remove the prior express consent requirement for calls ''made solely to collect a debt owed to or guaranteed by the United...more

CFPB Says TRID Clarifications Are Imminent

BakerHostetler on 5/2/2016

On April 28, 2016, the Consumer Financial Protection Bureau (CFPB) issued a letter to industry trade members announcing its plan to issue a Notice of Proposed Rulemaking (NPRM) to provide further clarification of the Truth in...more

CFPB To Reopen TRID Rulemaking

Ballard Spahr LLP on 4/29/2016

In a letter dated April 28, 2016, addressed to Industry Trades and their Members and signed by Director Cordray, the CFPB announced its intention to reopen the rulemaking for the TILA/RESPA Integrated Disclosure (TRID) rule....more

Financial Services Industry: Be Aware of Proposed White Collar Overtime Regulations

Baker Donelson on 9/28/2015

The financial services area received a defeat earlier this year when the United States Supreme Court in March upheld the Department of Labor's (DOL) Administrative Interpretation concluding that mortgage loan officers do not...more

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