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Read articles below for analysis and discussion of recent trends by BM&G’s industry experts.

CFPB Request for Comments on the CFPB’s Supervision Program for Compliance with Federal Consumer Financial Law

In the February 20, 2018, issue of the Federal Register (83 FR 7166, click here), the CFPB  published a request for information (RFI) seeking comments and information to assist it in assessing the overall efficiency and effectiveness of its processes used to supervise for compliance with Federal consumer financial law (Supervision Program), and considering whether any changes to its Supervision Program would be appropriate.

CFPB Request for Comments on the CFPB’s Processes Related to Enforcement of Federal Consumer Financial Law

In the February 12, 2018, issue of the Federal Register (83 FR 5999, click here), the CFPB published a request for information (RFI) seeking comments and information to assist it in assessing the overall efficiency and effectiveness of its processes related to the enforcement of Federal consumer financial law, and considering whether any changes to these processes would be appropriate.

CFPB Request for Comments on the CFPB’s Rules of Practice for Adjudication Proceedings

In the February 5, 2018, issue of the Federal Register (83 FR 5055, click here), the Consumer Financial Protection Bureau (CFPB) published a request for information (RFI) seeking comments and information to assist it in considering whether and how to amend the CFPB’s Rules of Practice for Adjudication Proceedings, including its administrative adjudication processes, while continuing to achieve it statutory purposes and objectives.

Revised Texas Mortgage Company Disclosure

Effective January 7, 2018, the Finance Commission of Texas on behalf of the Department of Savings and Mortgage Lending revised the Texas Mortgage Company Disclosure (the “Disclosure”) that a residential mortgage loan originator sponsored by a Texas licensed residential mortgage loan company must give to a residential mortgage loan applicant with the initial application for a residential mortgage loan. The revised disclosure is hyperlinked to this memorandum: click here. A facsimile of the revised Disclosure is also attached to this memorandum on page 2.

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