And also other federal agencies, the customer Financial Protection Bureau recently circulated its Fall regulatory agenda, announcing its motives within the next many months to deal with the GSE QM Patch, HMDA, payday/small dollar loans, business collection agencies techniques, SPEED funding, company financing information, and remittances. On the longer-term, the CFPB suggested it might also deal with feedback in the Loan Originator Compensation Rule underneath the Truth in Lending Act.
- Qualified Mortgages . The scheduled expiration of the temporary Qualified Mortgage status for loans eligible for purchase by Fannie Mae or Freddie Mac (often referred to as the “Patch”) as we have previously described, the CFPB must in short order address. The Patch is defined to expire, making very little time to accomplish notice-and-comment rulemaking, specially on this type of complex and perhaps controversial problem. The CFPB has suggested so it will perhaps maybe perhaps maybe not expand the Patch, but will look for an orderly change (in the place of a difficult end). The CFPB asked for initial general public input over the summertime, and announced so it promises to issue some form of statement or proposition.
- Home Loan Disclosure Act . The CFPB promises to pursue a few rulemakings to deal with which organizations must report home loan information, what information they need to report, and just exactly just what information the agency is going to make general general public. 继续阅读Customer Financial Services Review. CFPB Announces its Fall Regulatory Agenda