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HUD Seeks Public Comment on Disparate Impact Rule

USA - June 26 2018 On June 20, the U.S. Department of Housing and Urban Development (“HUD”) published an advance notice of proposed rulemaking (“ANPR”) that seeks public…

Melanie Brody, Kris D. Kully

Congress Passes Regulatory Reform for Financial Institutions

USA - May 22 2018 On May 22, 2018, the US Congress passed the Economic Growth, Regulatory Relief, and Consumer Protection Act, the most significant piece of legislation…

Matthew Bisanz, Holly Spencer Bunting, Thomas J. Delaney, Adam D. Kanter, Steven M. Kaplan, Kris D. Kully, John R. Mirvish, Laurence E. Platt, Stephanie C. Robinson, David R. Sahr, Jeffrey P. Taft, Donald S. Waack

Congress Invalidates CFPB’s Indirect Auto Lending Guidance

USA - May 8 2018 On May 8, 2018, the House of Representatives used the Congressional Review Act (“CRA”) to vote to repeal the Consumer Financial Protection Bureau’s…

Christa L. Bieker, Kris D. Kully

CFPB Finalizes Single-Statement Transition Period for Mortgage Statements to Borrowers in Bankruptcy

USA - March 14 2018 On March 8, the Consumer Financial Protection Bureau (“CFPB”) finalized the amendment to its 2016 Mortgage Servicing Final Rule (“2016 Final Rule”) to…

Kris D. Kully

It’s All in the Timing: CFPB Addresses Timing Challenges in 2016 Mortgage Servicing Rules

USA - October 9 2017 On October 4, the Consumer Financial Protection Bureau (“CFPB”) issued an interim final rule and a proposed rule related to the 2016 Mortgage…

Kris D. Kully