Compliance Newshub
Federal Legislation

The CDC is extending the eviction moratorium scheduled to expire on March 31, 2021 to June 30, 2021.

Consumer Financial Protection Bureau

The coronavirus pandemic resulted in a 54 percent increase in complaints to the Consumer Financial Protection Bureau (CFPB) in 2020, according to the agency’s annual consumer response report to Congress.

M Report -- Christina Hughes Babb

The Director of the Federal Housing Finance Agency (FHFA), Mark Calabria, spoke with SitusAMC’s Head of Industry Relations, Tim Rood, to discuss his approach to regulating Fannie Mae and Freddie Mac.

Reverse Mortgage Daily—Chris Clow

A conservative group files a Hatch Act complaint with the U.S. Office of Special Counsel (OSC) in Washington, D.C., against Secretary of the U.S. Department of Housing Urban Development (HUD) Marcia Fudge.

The CFPB provided to Congress the Consumer Response Annual Report for 2020, which reflects a nearly 54% increase year-over-year primarily as a result of the COVID-19 pandemic on the consumer financial marketplace.

To mitigate transition costs on credit unions related to the coronavirus disease 2019 (COVID-19 Pandemic), the NCUA Board (Board) is issuing this temporary interim final rule to permit federally insured credit unions (FICUs) to use asset data as of March 31, 2020, in order to determine the applicability of certain regulatory asset thresholds during calendar years 2021 and 2022.

Mortgage Bankers Association – Mike Sorohan

The Mortgage Bankers Association requested a meeting with Treasury and Federal Housing Finance Agency officials to discuss the MBA member concerns over newly imposed limits on government-sponsored enterprise operations that could cause possible disruptions to the housing finance system.

The joint federal bank regulatory agencies have issued this joint release to announce the temporary change to the supplementary leverage ratio flexibility for depository institutions to provide credit to households and businesses due to COVID-19, will expire as scheduled on March 31, 2021.

The Consumer Financial Protection Bureau (CFPB) released the 2020 annual report to Congress on the administration of the Fair Debt Collection Practices Act (FDCPA), highlighting efforts by the CFPB and the Federal Trade Commission (FTC) to protect consumers, particularly those who have suffered profound financial impacts due to the COVID-19 pandemic.

M Report – Eric Peck

The Federal Reserve Board voted to keep rates near 0% at least through 2023.

OFAC issued a final rule to adjust certain civil monetary penalties for inflation effective March 17, 2021.

The CFPB has issued an interpretive rule clarifying that the prohibition against sex discrimination under ECOA and Reg B includes sexual orientation and gender identity discrimination, based on actual or perceived non-conformity with traditional sex- or gender-based stereotypes.