In the December 11, 2019, Federal Register (84 FR 67725) the CFPB published the Fall 2019 edition of its Supervisory Highlights,...
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Read articles below for analysis and discussion of recent trends by BM&G’s industry experts.
Taxpayer First Act Requires New Taxpayer Consent Requirements
Section 2202 of “The Taxpayer First Act” (Public Law No. 116-25), signed into law on July 1, 2019, and effective December 29,...
Federal Regulators Issue Joint Statement on the Use of Alternative Data in Credit Underwriting
On December 3, 2019, the Federal Reserve Board, the Consumer Financial Protection Bureau, the Federal Deposit Insurance...
TREC Prohibits Real Estate Brokers and Sales Agents from Participating in “Pay-to-Play” Programs with Real Estate Settlement Service Providers.
The Texas Real Estate Commission (“TREC”), Texas’ regulating body for real estate brokers and sales agents (collectively,...
CFPB Issues RFI for its Assessment of TRID
In the November 22, 2019, issue of the Federal Register (84 FR 64436), the Consumer Financial Protection Bureau (CFPB) published...
CFPB Interpretive Rule Regarding Screening and Training Requirements for Individual Mortgage Loan Originators with Temporary Authority to Originate Consumer Mortgage Loans
In the November 19, 2019, issue of the Federal Register (84 FR 63791) the Consumer Financial Protection Bureau (CFPB) issued an...
Updated Exemption Thresholds for Consumer Credit Transactions and Higher-Priced Mortgage Loan Appraisals
In the October 30, 2019, issue of the Federal Register (84 FR 58020), the Board of Governors of the Federal Reserve System...
Real Estate Appraisal Regulations Amended by OCC, FRB and FDIC
In the October 8, 2019, issue of the Federal Register (84 FR 53579, click here) the Office of the Comptroller of the Currency,...
Disparate Impact – HUD Proposes Amendments to 24 CFR Part 100
In the August 19, 2019, issue of the Federal Register (84 FR 42854) HUD published a proposed rule to amend HUD’s 2013 regulatory...
Rural Housing Service Amends Combination Construction to Permanent Loan Program (“Single Close Loans”)
By a final rule published in the Federal Register (84 FR 35003), the Rural Housing Service (RHS) amends its Single Family...