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CFPB Updates Consumer Booklets
By Diane Dean
| Jan 22, 2014
The CFPB recently announced changes to the following consumer publications to line up with the...
Points and Fees, It’s a Nice Thought But…
By Jerod Moyer
| Jan 20, 2014
Contrary to some banker’s beliefs, third party investor/secondary market fees and charges are not...
HUD’s QM MIP Factor
By Jerod Moyer
| Jan 17, 2014
We’ve received several calls from confused clients regarding the mortgage insurance premium (MIP)...
CFPB’s Fact vs. Fiction (or “I don’t know where you’re getting your facts”)
By David Dickinson
| Jan 11, 2014
Recently, the CFPB released a memo entitled “Ability-to-Repay Facts vs. Fiction”. Since reading it,...
HOEPA Threshold Updated
By Amy Kudlacek
| Jan 01, 2014
Effective January 1, 2014, the fee based trigger amount used to calculate whether a loan is subject...
Small Creditor Threshold Increased
By Diane Dean
| Dec 31, 2013
Effective January 1, 2014, the Regulation Z threshold used to determine small creditor status will...
2014 HMDA Threshold Announced
By Amy Kudlacek
| Dec 30, 2013
Hot off the presses! Today, the CFPB announced amendments to HMDA (12 CFR 1003) regarding the asset-
Regulations Z & M Threshold Updated
By Amy Kudlacek
| Dec 27, 2013
The threshold to exempt consumer credit (Reg Z) and consumer leases (Reg M) from the applicable...
CRA Thresholds Adjusted
By Amy Kudlacek
| Dec 23, 2013
The regulatory agencies recently announced that the asset-size thresholds for CRA were adjusted and...