On May 19, 2022, the Consumer Financial Protection Bureau issued an Interpretive Rule providing the following interpretations to...
Search Results
Read articles below for analysis and discussion of recent trends by BM&G’s industry experts.
5-10-22 Rev 5-18-22 CFPB Issues Advisory Opinion on Coverage of ECOA
On May 9, 2022, the Consumer Financial Protection Bureau issued a press release advising lenders of the CFPB’s published...
CFPB Issues Advisory Opinion on Coverage of the Equal Credit Opportunity Act and Regulation B
On May 9, 2022, the Consumer Financial Protection Bureau issued a press release advising lenders of the CFPB’s advisory opinion...
CFPB Supervisory Highlights – Mortgage Origination
On May 2, 2022, the Consumer Financial Protection Bureau released its Supervisory Highlights report on legal violations...
D&I Spotlight: BMG’s Sherry Gonzales Spotlights Importance of Asian American and Pacific Islander Heritage Month
May is Asian American and Pacific Islander (AAPI) Heritage Month. From science and medicine to government and arts, Asian...
Joint Financial Regulatory Agencies propose amendments to §153.1(2) (Business Day Definition) Concerning Home Equity Lending
In the March 25, 2022, Texas Register (47 Tex.Reg 1556), the Finance Commission of Texas and the Texas Credit Union Commission...
CFPB Updated Examination Manual Adds Unfair, Deceptive, or Abusive Acts or Practices Examination Procedures (UDAAPs)
On March 16, 2022, the CFPB published a press release announcing its updated examination manual (click here) that includes...
CFPB Issues Prepaid Interest Factsheet for Use in Price-based General QM APR Calculations
This memorandum notifies those clients who make or will make qualified mortgages (QM) subject to the price-based General QM...
Rural Housing Service Amendments to 7 CFR part 3555, subparts C and D, §3555.107(b), (c), (i) and §3555.151(h)(2)
In the February 7, 2022, issue of the Federal Register (87 FR 6773) the Rural Housing Service (RHS) issued a final rule...
Protected: Texas Home Equity Manual – 2022
Password Protected
To view this protected post, enter the password below: