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 from the Loan Originator Compensation Rule beneath the Truth in Lending Act.
- Qualified Mortgages . The scheduled expiration of the temporary Qualified Mortgage status for loans eligible for purchase by Fannie Mae or Freddie Mac (often referred to as the вЂњPatchвЂќ) as we have previously described, the CFPB must in short order address. The Patch is placed to expire, making short amount of time to accomplish notice-and-comment rulemaking, especially on this kind of complex and issue that is arguably controversial. Continue reading