Filing Instructions Guide News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Now is about the time when you stop saying “Happy New Year,” either because it is no longer relevant, or you’ve forgotten who you’ve said it to. Lenders and vendors know that the “ability to repay” rules are both relevant and should not be forgotten, and attorney and Mortgage Musing blog author Brian Levy’s latest Musing’s discusses the importance of the Dodd Frank Act’s Ability to Repay Rule and how that keeps both lenders and borrowers from giving the housing industry the kind of hangover it had starting in 2008. Levy also discus...

The CFPB recently announced that the platform for the submission of Home Mortgage Disclosure Act (HMDA) data collected in 2023 is now available for the submission of the data. The...

The CFPB has released an update to the Filing Instructions Guide for Small Business Lending Data. The Guide is intended to serve as a set of resources for entities who will be required...

On March 30, 2023, the Consumer Financial Protection Bureau (CFPB) issued its long-awaited final rule implementing the small business lending data collection requirements set forth in Section 1071...

On March 30, after years of rulemaking efforts, the Consumer Financial Protection Bureau (CFPB) issued a final rule implementing Section 1071 of the Dodd-Frank Act. Small business lenders, if they haven’t already, must put in place rigorous data collection techniques, implement security firewalls, and update employee training by their listed compliance date.