• On April 18th, the Consumer Financial Protection Bureau published for comment a proposal that would clarify a final rule issued by the Bureau on January 10, 2013 that lengthened the time for which a mandatory escrow account established for a higher-priced mortgage loan ("HPML") must be maintained. The rule also established an exemption from the escrow requirement for certain creditors that operate predominantly in "rural" or "underserved" areas. The proposed amendments clarify the determination method for the "rural" and "underserved" designations and keep in place certain existing protections for HPMLs until other similar provisions take effect in January 2014. Comments should be submitted on or before May 3, 2013.