CFPB Provides Flexibility During COVID-19 Pandemic – Press Release

In Client and Friends Memos by BMG Memorandum

Today, the CFPB posted on its website a press release announcing that it is providing needed flexibility to enable financial companies to work with customers in need as they respond to the COVID-19 pandemic. The text of the press release and its hyperlinks to the following CFPB policy statements——“Statement on Supervisory and Enforcement Practices Regarding Quarterly Reporting Under the Home Mortgage Disclosure Act”, “Statement on Supervisory and Enforcement Practices Regarding Bureau Information Collections for Credit Card and Prepaid Account Issuers”, and “Statement on Bureau Supervisory and Enforcement Response to COVID-19 Pandemic”—are reprinted below:

Full Memorandum