April 2021 Articles – CFPB Journal

CFPB delays QM rule compliance date

The Consumer Financial Protection Bureau formally delayed the mandatory compliance date of the General Qualified Mortgage final rule from July 1, 2021 to October 1, 2022.

CFPB supports CDC eviction moratorium

The Consumer Financial Protection Bureau issued an interim final rule in support of the eviction moratorium instituted by the Centers for Disease Control and Prevention.

CFPB files complaint against debt-settlement company

The Consumer Financial Protection Bureau has filed a complaint against online debt-settlement company SettleIt, Inc., over alleged abusive acts or practices.

CFPB proposes foreclosure ban

The Consumer Financial Protection Bureau wants to ban foreclosures until 2022, according to a recent proposal. The agency’s notice of proposed rulemaking would amend Regulation X to institute a pre-foreclosure review period that would generally prohibit servicers from starting foreclosure until after December 31, 2021.