CFPB Issues Interpretive Rule on Method for Determining Underserved Areas

The Consumer Financial Protection Bureau issued an interpretive rule to provide guidance to creditors and other persons involved in the mortgage origination process about the way in which the Bureau determines which counties qualify as “underserved” fo…

The Consumer Financial Protection Bureau issued an interpretive rule to provide guidance to creditors and other persons involved in the mortgage origination process about the way in which the Bureau determines which counties qualify as “underserved” for a given calendar year.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-issues-interpretive-rule-method-determining-underserved-areas/

Consumer Financial Protection Bureau Takes Action to Help Consumers Receive Relief from Credit Card Issuers

The Consumer Financial Protection Bureau took action to help consumers receive relief during the pandemic more quickly from their credit card issuer.

The Consumer Financial Protection Bureau took action to help consumers receive relief during the pandemic more quickly from their credit card issuer.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-helps-consumers-receive-relief-from-credit-card-issuers/

Consumer Financial Protection Bureau Outlines Responsibilities of Financial Firms During Pandemic

The Consumer Financial Protection Bureau released a statement and FAQs outlining the responsibility of certain financial firms during the pandemic.

The Consumer Financial Protection Bureau released a statement and FAQs outlining the responsibility of certain financial firms during the pandemic.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-outlines-responsibilities-financial-firms-during-pandemic/

CFPB Paves Way for Consumers Facing Financial Emergencies to Obtain Access to Mortgage Credit More Quickly

The Consumer Financial Protection Bureau (Bureau) took steps to make it easier for consumers with urgent financial needs to obtain access to mortgage credit more quickly in the middle of the COVID-19 pandemic.

The Consumer Financial Protection Bureau (Bureau) took steps to make it easier for consumers with urgent financial needs to obtain access to mortgage credit more quickly in the middle of the COVID-19 pandemic.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-paves-way-consumers-facing-financial-emergencies-access-mortgage-credit-quickly/

Agencies Announce Dollar Thresholds in Regulations Z and M for Exempt Consumer Credit and Lease Transactions

The Consumer Financial Protection Bureau (CFPB) and Federal Reserve Board today announced the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) that will apply for determining exempt consumer credit and lease tran…

The Consumer Financial Protection Bureau (CFPB) and Federal Reserve Board today announced the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) that will apply for determining exempt consumer credit and lease transactions in 2020. 

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/agencies-announce-dollar-thresholds-regulations-z-and-m-exempt-consumer-credit-lease-transactions/