Category: CFPB

CFPB – HMDA Getting it Right

By: Tammy Butler, Master CMB The HMDA Data “Getting it Right” is the thought, hope, and prayer of all lenders and regulators.  The reality is that less than 50% of the HMDA data collected is correct now, and this is before the regulators doubled the fields that need to be collected.  So 2018 data collection […]

CFPB – 2018 List of Rural and Underserved Counties

By: Tammy Butler, Master CMB Believe it or not, there are some lenders that are exempt for Truth in Lending requirements and are also afforded Safe Harbor on their loans – those creditors in underserved or rural markets that meet the requirements contained within 12 CFR 1026.35(b)(2)(iv)(A) and (B). Rule Synopsis: The Bureau has published […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

CFPB – CFPB Requests Opinions on Multiple Topics

By: Tammy Butler, Master CMB Now is your chance to make your opinion known on many issues regarding the direction of the CFPB and their practices.  With the change of leadership at the CFPB, the acting director is shaking things up by soliciting the industry for their opinions on multiple topics.  Just like voting, if you […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Has Fair Lending Been Neutered?

By: Tammy Butler, Master CMB Fair Lending Perspectives-The CFPB’s Latest Decision If you have anything to do with Fair Lending in your company, you have no doubt heard the news about the recent change at the CFPB with regard to Mulvaney’s decision to strip the Fair Lending Office of enforcement duties and move those duties […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

CFPB-Consumer Financial Protection Bureau – Federal Register Final Rule and Official Interpretations – Dated August 30, 2017 (ATR/QM) and November 9, 2017(HPML Exemption)

By:  Lloyd Rutherford-Staff Writer With the QM [Qualified Mortgage] and ATR [Ability to Repay] rules came thresholds that cannot be exceeded without becoming a high-cost mortgage.  This update is the yearly threshold adjustment. Rule Synopsis: The CFPB is required to calculate annually the dollar amounts for various topics contained in Regulation Z (aka The Federal […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Scroll to Top