A&B Abstract: What happens when a proposed qualified mortgage is later discovered to have points and fees in excess of the statutory threshold? The answer lies in a cure provision scheduled to sunset on January 21, 2021. CFPB Rules Permit … [Continue reading] about CFPB Rules Permit Qualified Mortgage “Cures”
California Passes Several Amendments to the California Consumer Privacy Act
The California legislature passed several amendments to the California Consumer Privacy Act of 2018 (Cal. Civ. Code §§ 1798.100 to 1798.190) (the “CCPA”) on September 13, 2019. (For additional background, see Which CCPA Amendments Made the … [Continue reading] about California Passes Several Amendments to the California Consumer Privacy Act
CFPB Issues New Edition of Supervisory Highlights
A&B Abstract: The Summer 2019 edition of the CFPB’s Supervisory Highlights indicates recent examination focuses for several categories of consumer credit products. CFPB Issues New Edition of Supervisory Highlights On September 19, the … [Continue reading] about CFPB Issues New Edition of Supervisory Highlights
Appraisal Foundation Seeks Comment on Evaluation Concept Paper
A&B Abstract: With recent and forthcoming changes to federal valuation requirements, the Appraisal Foundation is considering the development of standards for performing evaluations in the USPAP. The Concept Paper: On September 3, 2019, the … [Continue reading] about Appraisal Foundation Seeks Comment on Evaluation Concept Paper
A Closer Look at the CFPB’s Proposed Debt Collection Rules – Part Five: The Devil is in the Details, Purgatory is what is Left Unsaid
A&B Abstract This blog post is part five of a five-part series examining the Consumer Financial Protection Bureau’s (the “CFPB” or “Bureau”) proposed rule amending Regulation F (the “Proposed Rule”), which implements the Fair Debt Collection … [Continue reading] about A Closer Look at the CFPB’s Proposed Debt Collection Rules – Part Five: The Devil is in the Details, Purgatory is what is Left Unsaid