CFPB issues additional CARES Act guidance

The Consumer Financial Protection Bureau issued guidance to mortgage servicers to assist in complying with the Coronavirus Aid, Relief and Economic Security Act provisions granting a right to forbearance to consumers impacted by the COVID-19 pandemic.

CSBS, CFPB issue mortgage relief guidance

The Consumer Financial Protection Bureau and the Conference of State Bank Supervisors have issued a guide describing borrowers’ rights to mortgage payment forbearance and foreclosure protection under federal law.

CFPB issues final remittance rule

The Consumer Financial Protection Bureau has issued a final rule covering remittances transfers which raises the reporting threshold for those institutions making relatively few annual remittances.

CFPB clarifies rules to increase mortgage access

The Consumer Financial Protection Bureau has issued clarifications to make it easier for consumers with urgent financial needs to obtain access to mortgage credit more quickly in the middle of the COVID-19 pandemic.

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