David Mulkerin

The Consumer Financial Protection Bureau (CFPB) announced the availability of an updated consumer publication, “What You Should Know about Home Equity Lines of Credit,” also known as the HELOC booklet, required by the Truth in Lending Act/Regulation Z (1026.40(e)). The CFPB states this version of the HELOC booklet (dated 8/22) is updated “to align with

On December 15, 2022, the FFIEC released the public disclosures for CRA data submitted for calendar year 2020. Note: If your institution does not report CRA small business, small farm or community development lending data, then this Special Release would not apply to you. Even if your institution is not a CRA reporter, a review

On October 13, 2022 the Federal Reserve Board and the Consumer Financial Protection Bureau jointly issued an increase in the exemption thresholds for Regulation Z and Regulation M exemptions, which are tied to the Consumer Price Index. Loans or leases at or below the thresholds are subject to the protections of the regulations. The regulators

HUD updated the SCRA notice of servicemember rights which is to be provided to all mortgage loans which are delinquent. The notice is required to be provided within 45 days from the date a missed payment was due. We reviewed the form and the only changes we saw were an update of the expiration date

So, if this article looks familiar, that’s because we sent out a similar version last year when there was so much confusion with the timing of the signing of the law, but the information is still the same. (The dates have been updated, as applicable.) On June 17, 2021 the US got its first national