CFPB Narrows Foreclosure Limits In COVID-19 Servicer Regs By Law360 is providing free access to its coronavirus coverage to make sure all members of the legal community have accurate information in this time of uncertainty and change. Use the form below to sign up for any of our weekly newsletters. Signing up for any of our section newsletters will opt you in to the weekly Coronavirus briefing.
Sign up for our Banking newsletter
You must correct or enter the following before you can sign up:
Email (NOTE: Free email domains not supported)
Primary area of interest
Thank You! Law360 (June 28, 2021, 9:05 PM EDT)
CFPB pushes compliance date for qualified mortgage definition to 2022 nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.
POLITICO
CFPB targets debt collectors in bid to protect renters
The new rule requires debt collectors to notify tenants of their rights under the Centers for Disease Control and Prevention’s moratorium on evictions for nonpayment of rent.
A demonstrator holds up a sign that says Cancel Rent. | Michael M. Santiago/Getty Images
Link Copied
The Consumer Financial Protection Bureau on Monday unveiled a rule cracking down on debt collectors to stop them from forcing renters from their homes during a nationwide eviction ban, as millions of Americans struggle with bills amid the pandemic.
The new rule requires debt collectors to notify tenants of their rights under the Centers for Disease Control and Prevention’s moratorium on evictions for nonpayment of rent. The CFPB warned that debt collectors who evict tenants could face prosecution. The agency is issuing the new rule under the Fair Debt Collection Practices Act.
WASHINGTON (Legal Newsline) – A District of Columbia federal judge now has arguments from both sides in the dispute over whether a new rule changing how mortgage data is collected is “arbitrary and capricious.”
The Consumer Financial Protection Bureau on April 2 defended its Home Mortgage Disclosure rule, published last May. It raises the loan-volume thresholds at which financial institutions are required to report data about closed-end mortgage loans and open-end lines of credit.
It raises those thresholds from a rule published five years ago, but it will interfere with the ability to make sure lenders are meeting the housing needs of their communities, says a coalition of plaintiffs led by the National Community Reinvestment Coalition.
CFPB moves to delay implementation of debt collection rules nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.