In the September 2, 2016 issue of the Federal Register (81 FR 60609) (click here), the United States Department of the Treasury (“Department”) announced the implementation of final regulations, effective September 2, 2016, defining terms in the Internal Revenue Code that describe the marital status of taxpayers for federal tax purposes. These regulations reflect the United States Supreme Court’s holdings in Obergefell v. Hodges, 135 S. Ct. 2584 (2015) (click here) and United States v. Windsor, 133 S. Ct. 2675 (2013) (click here) as well as the Department’s Revenue Ruling 2013-17 (click here). The language of these definitions is gender neutral and designed to apply equally to same-sex and opposite-sex couples. The Department’s objective was to clarify, for federal tax purposes, the federal law espoused in Obergefell and Windsor.

In today’s Federal Register (81 FR 54318, click here) the CFPB published the proposed amendments to the integrated mortgage disclosure rules that became effective on October 3, 2015 (TRID Rule), which would:

·        Memorialize past informal guidance. Memorialize certain past informal guidance issued through webinar, compliance guide, or otherwise.

·        Create tolerances for the total of payments. Establish express tolerances for the total of payments to parallel the existing provisions regarding the tolerances for accuracy in calculating the finance charge and disclosures affected by the finance charge.

On July 29, 2016, the CFPB published proposed amendments to the TRID Rules on its website and on August 15, 2016, the CFPB also published the proposed amendments in the Federal Register (81 FR 54318). For ease of reference, the proposed amendments along with the existing text deleted and the existing text not deleted are reproduced below in the following manner: proposed amendments;[existing text deleted]; and, existing text not deleted.