Insight on the piece says borrowers are “frustrated with the lack of relief” forbearance offers. Click through to read more.
Read More »CFPB Releases LIBOR Transition Rules
The Bureau issued three items related to the transition from the London Interbank Offered Rate.
Read More »CFPB Assisting Loss-Mitigation Efforts
Mortgage servicers seeking to assist struggling borrowers to avoid foreclosure and engage in loss mitigation efforts would be able to apply for their own No-Action Letter.
Read More »Former CFPB Director Discusses Bureau’s Response to COVID-19
Richard Cordrary says the Bureau should be doing more to help consumers during this pandemic. Click through to read more.
Read More »The Week Ahead: Richard Cordray to Discuss Time at CFPB
The former director will also address what he learned at the CFPB and how he would apply those lessons to tackling the COVID-19 economy. Here's what else is happening in The Week Ahead.
Read More »CFPB Raises HMDA Loan-Volume Coverage Thresholds
The final Home Mortgage Disclosure Act rule increases the permanent threshold for collecting and reporting data, effective July 1, 2020.
Read More »CFPB, FHFA Partner on Borrower Assistance Program
Dr. Mark A. Calabria said of the announcement, “No one should be worried about losing their home.”
Read More »Federal Agencies Issue Statement on Loan Modifications
Federal financial institution regulatory agencies are encouraging financial institutions to work constructively with borrowers affected by COVID-19 and providing additional information regarding loan modifications.
Read More »Richard Corday On CFPB’s Relief Response
In a new white paper, the former CFPB Director outlined the steps he alleges the CFPB needs to be taking right now in the face of an economic crisis caused by the coronavirus.
Read More »CFPB Issues Support for Financial Institutions
The Bureau is postponing some data collections from industry on Bureau-related rules to allow companies to focus on responding to consumers in need and making changes to its supervisory activities to account for operational challenges at regulated entities.
Read More »