In the July 2, 2013 issue of the Federal Register (78 FR 39902) the Consumer Financial Protection Bureau (CFPB) published a proposed rule, click here, to clarify or revise regulatory provisions and official interpretations primarily relating to the 2013 Mortgage Servicing Final Rules (see, 78 FR 10695 (Reg. X) and 78 FR 10901 (Reg. Z), Feb. 14, 2013) and the 2013 Loan Originator Compensation Final Rule (see, 78 FR 11279, Feb. 15, 2013). The proposed rule also proposes modifications to the effective dates for provisions adopted by the 2013 Loan Originator Compensation Final Rule, and certain technical corrections and minor refinements to Regulations B, X, and Z. Comments on the proposed rule must be received on or before July 22, 2013. You may submit comments, identified by Docket No. CFPB-2013-0018 or RIN 3170-AA37, by any of the following methods: Electronic: Follow the instructions for submitting comments. Mail/Hand Delivery/Courier: Monica Jackson, Office of the Executive Secretary, Consumer Financial Protection CFPB, 1700 G Street NW., Washington, DC 20552. All submissions must include the agency name and docket number or Regulatory Information Number (RIN) for this rulemaking. Reprinted below is the Summary of Proposed Rule from pages 39902 and 39903 of the above-cited issue of the Federal Register, which has been slightly redacted for clarity: Download complete memorandum below

Complete Memorandum