The Consumer Financial Protection Bureau recently released its Fall regulatory agenda, announcing its intentions over the next several months to address the GSE QM Patch, HMDA, payday/small dollar loans, debt collection practices, PACE financing, business lending data, and remittances along with other federal agencies. Throughout the longer-term, the CFPB suggested it may also deal with feedback regarding the Loan Originator Compensation Rule underneath the Truth in Lending Act.
- Qualified Mortgages . Even as we have actually formerly described, the CFPB must simply speaking order address the planned termination associated with temporary Qualified home loan status for loans qualified to receive purchase by Fannie Mae or Freddie Mac (also known as the “Patch”). The Patch is placed to expire, making very little time to accomplish notice-and-comment rulemaking, specially on this kind of complex and issue that is arguably controversial.