The asset-size thresholds for institutions subject to Home Mortgage Disclosure Act (HMDA) reporting and Truth in Lending Act (TILA) escrows (for higher-priced mortgage loans) are higher as of Wednesday, according to two Federal Register notices. […]
Enforcement of last year’s interpretive rule on “buy now, pay later” loans will not be prioritized and could be rescinded in the future, the Consumer Financial Protection Bureau (CFPB), the bureau said Tuesday. As with […]
Two adjustments to thresholds under lending disclosure and credit reporting rules were announced Thursday by the federal consumer financial protection agency. The Consumer Financial Protection Bureau (CFPB) said the first threshold adjustment resulted from a […]
So-called “contracts for deed” must comply with longstanding federal mortgage protections, such as the Truth in Lending Act (TILA), the federal consumer financial protection agency said Aug. 13 in an advisory opinion. The Consumer Financial […]
This article has been updated to include a link to the Federal Register notice and comment deadline. Ensuring workers know the cost and fees of “paycheck advance” products is the aim of an interpretive rule […]
Annual thresholds applicable to lending and anti-redlining rules are outlined in revisions to the consumer compliance exam manual published by the federal insurer of bank deposits, the agency said late Tuesday. The Federal Deposit Insurance […]
An interpretive rule that applies some Regulation Z (Truth in Lending Act) requirements to lenders marketing “buy now, pay later” (BNPL) loans that are accessed through digital user accounts is set to take effect July […]
Violations of truth in lending and flood insurance regulations led the most frequently cited consumer compliance transgressions in 2023 for banks, according to a report issued Friday by the federal insurer of bank deposits. The […]
“Large card issuers” are now subject to a much lower safe harbor amount for penalty fees and restrictions on fees for subsequent violations to ensure that late fees they charge are “reasonable and proportional” as […]
The asset-size exemption thresholds for financial institutions required to collect Home Mortgage Disclosure Act (HMDA) data and, separately, to establish escrow accounts for higher-priced mortgage loans will rise in 2024, according to Federal Register notices […]
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