Consumer Financial Protection Bureau

Blog Post (December 3, 2020) CFPB Ombudsman's Office 2020 Annual Report (PDF)   Blog Post (December 3, 2020) CFPB Ombudsman's Office 2020 Annual Report

Report (PDF)   Report

Blog Post (November 10, 2020) How to help homeowners protect their homes (PDF)   Blog Post (November 10, 2020) How to help homeowners protect their homes

Supervisory Highlights, Issue 22, Summer 2020 (September 4, 2020) (PDF)   Supervisory Highlights, Issue 22, Summer 2020 (September 4, 2020)

News Release (August 31, 2020) Consumer Financial Protection Bureau Report Examines Early Impact of Pandemic on Consumer Credit (PDF)   News Release (August 31, 2020) Consumer Financial Protection Bureau Report Examines Early Impact of Pandemic on Consumer Credit

Report (PDF)   Report

Blog Post (August 26, 2020) More CFPB resources available in multiple languages (PDF)   Blog Post (August 26, 2020) More CFPB resources available in multiple languages

News Release (July 16, 2020) CFPB Releases Updated COVID-19 Consumer Complaint Data (PDF)   News Release (July 16, 2020) CFPB Releases Updated COVID-19 Consumer Complaint Data

Complaint Bulletin (PDF)   Complaint Bulletin

Prioritized Assessments FAQs (July 1, 2020) (PDF)   Prioritized Assessments FAQs (July 1, 2020)

News Release (June 23, 2020) CFPB Issues Interim Final Rule on Loss Mitigation Options for Homeowners Recovering from Pandemic-Related Financial Hardships (PDF)   News Release (June 23, 2020) CFPB Issues Interim Final Rule on Loss Mitigation Options for Homeowners Recovering from Pandemic-Related Financial Hardships

Action: Interim final rule with request for public comment. Agency: Bureau of Consumer Financial Protection. Treatment of Certain COVID-19 Related Loss Mitigation Options Under the Real Estate Settlement Procedures Act (RESPA) (Regulation X) 85 FR 39055 Published June 30, 2020. Effective July 1, 2020. Comments due August 14, 2020. (PDF)   Action: Interim final rule with request for public comment. Agency: Bureau of Consumer Financial Protection. Treatment of Certain COVID-19 Related Loss Mitigation Options Under the Real Estate Settlement Procedures Act (RESPA) (Regulation X) 85 FR 39055 Published June 30, 2020. Effective July 1, 2020. Comments due August 14, 2020.

Blog Post (June 16, 2020) Consumer reporting and the CARES Act (PDF)   Blog Post (June 16, 2020) Consumer reporting and the CARES Act

FAQs (PDF)   FAQs

News Release (June 4, 2020) CFPB and State Regulators Provide Additional Guidance to Assist Borrowers Impacted by the COVID-19 Pandemic (PDF)   News Release (June 4, 2020) CFPB and State Regulators Provide Additional Guidance to Assist Borrowers Impacted by the COVID-19 Pandemic

Guidance (PDF)   Guidance

News Release (June 3, 2020) Consumer Financial Protection Bureau Takes Action to Help Consumers Receive Relief from Credit Card Issuers (PDF)   News Release (June 3, 2020) Consumer Financial Protection Bureau Takes Action to Help Consumers Receive Relief from Credit Card Issuers

Statement on Supervisory and Enforcement Practices Regarding Electronic Credit Card Disclosures in Light of the COVID-19 Pandemic (PDF)   Statement on Supervisory and Enforcement Practices Regarding Electronic Credit Card Disclosures in Light of the COVID-19 Pandemic

News Release (May 22, 2020) CFPB Takes Action to Help Struggling Homeowners Seeking Mitigation Efforts; Consumers Seeking Small-Dollar Loans (PDF)   News Release (May 22, 2020) CFPB Takes Action to Help Struggling Homeowners Seeking Mitigation Efforts; Consumers Seeking Small-Dollar Loans

News Release (May 21, 2020) Consumer Financial Protection Bureau Issues Consumer Complaint Bulletin (PDF)   News Release (May 21, 2020) Consumer Financial Protection Bureau Issues Consumer Complaint Bulletin

Report (PDF)   Report

News Release (May 15, 2020) CFPB, CSBS Issue Consumer Guide on Mortgage Relief Options (PDF)   News Release (May 15, 2020) CFPB, CSBS Issue Consumer Guide on Mortgage Relief Options

Guide (PDF)   Guide

CARES Act Forbearance & Foreclosure FAQs (PDF)   CARES Act Forbearance & Foreclosure FAQs

News Release (May 14, 2020) Consumer Financial Protection Bureau Settles with Monster Loans, Thomas Chou, Sean Cowell, and Related Companies (PDF)   News Release (May 14, 2020) Consumer Financial Protection Bureau Settles with Monster Loans, Thomas Chou, Sean Cowell, and Related Companies

Complaint (PDF)   Complaint

Order (PDF)   Order

News Release (May 12, 2020) CFPB, FHFA, & HUD Launch Joint Mortgage and Housing Assistance Website for Americans Impacted by COVID-19 (PDF)   News Release (May 12, 2020) CFPB, FHFA, & HUD Launch Joint Mortgage and Housing Assistance Website for Americans Impacted by COVID-19

News Release (May 6, 2020) Consumer Financial Protection Bureau Issues Clarifications to Support Small Business Applying for PPP Loans (PDF)   News Release (May 6, 2020) Consumer Financial Protection Bureau Issues Clarifications to Support Small Business Applying for PPP Loans

FAQs (PDF)   FAQs

News Release (May 1, 2020) Consumer Financial Protection Bureau Report Shows Substantial Decline in Credit Applications in March

(PDF)
  News Release (May 1, 2020) Consumer Financial Protection Bureau Report Shows Substantial Decline in Credit Applications in March

Report (PDF)   Report

News Release (April 29, 2020) CFPB Paves Way for Consumers Facing Financial Emergencies to Obtain Access to Mortgage Credit More Quickly (PDF)   News Release (April 29, 2020) CFPB Paves Way for Consumers Facing Financial Emergencies to Obtain Access to Mortgage Credit More Quickly

Action: Interpretive rule. Agency: Bureau of Consumer Financial Protection. Application of Certain Provisions in the TILA-RESPA Integrated Disclosure Rule and Regulation Z Right of Rescission Rules in Light of the COVID-19 Pandemic 85 FR 26319 Published May 4, 2020. Effective May 4, 2020. (PDF)   Action: Interpretive rule. Agency: Bureau of Consumer Financial Protection. Application of Certain Provisions in the TILA-RESPA Integrated Disclosure Rule and Regulation Z Right of Rescission Rules in Light of the COVID-19 Pandemic 85 FR 26319 Published May 4, 2020. Effective May 4, 2020.

Mortgage Origination Rules FAQs (PDF)   Mortgage Origination Rules FAQs

Factsheet: Transaction coverage under the ECOA Valuations Rule (April 29, 2020) (PDF)   Factsheet: Transaction coverage under the ECOA Valuations Rule (April 29, 2020)

Factsheet: Delivery of appraisals (April 29, 2020) (PDF)   Factsheet: Delivery of appraisals (April 29, 2020)

Action: Interpretive rule. Agency: Bureau of Consumer Financial Protection.
Treatment of Pandemic Relief Payments Under Regulation E and Application of the Compulsory Use Prohibition
85 FR 23217
Published April 27, 2020. Effective April 27, 2020. (PDF)
  Action: Interpretive rule. Agency: Bureau of Consumer Financial Protection.
Treatment of Pandemic Relief Payments Under Regulation E and Application of the Compulsory Use Prohibition
85 FR 23217
Published April 27, 2020. Effective April 27, 2020.

News Release (April 24, 2020) Consumer Financial Protection Bureau Outlines Mortgage Loan Transfer Process to Prevent Consumer Harm (PDF)   News Release (April 24, 2020) Consumer Financial Protection Bureau Outlines Mortgage Loan Transfer Process to Prevent Consumer Harm

Action: Compliance bulletin and policy guidance. Agency: Bureau of Consumer Financial Protection. Bulletin 2020-02-Compliance Bulletin and Policy Guidance: Handling of Information and Documents During Mortgage Servicing Transfers 85 FR 25281 Published May 1, 2020. Applicable May 1, 2020. (PDF)   Action: Compliance bulletin and policy guidance. Agency: Bureau of Consumer Financial Protection. Bulletin 2020-02-Compliance Bulletin and Policy Guidance: Handling of Information and Documents During Mortgage Servicing Transfers 85 FR 25281 Published May 1, 2020. Applicable May 1, 2020.

News Release (April 20, 2020) Consumer Financial Protection Bureau Advisory Committees to Meet on May 1, 2020 (PDF)   News Release (April 20, 2020) Consumer Financial Protection Bureau Advisory Committees to Meet on May 1, 2020

News Release (April 16, 2020) Consumer Financial Protection Bureau Issues Final Rule Raising Data Reporting Thresholds Under the Home Mortgage Disclosure Act (PDF)   News Release (April 16, 2020) Consumer Financial Protection Bureau Issues Final Rule Raising Data Reporting Thresholds Under the Home Mortgage Disclosure Act

Action: Final rule; official interpretation. Agency: Bureau of Consumer Financial Protection. Home Mortgage Disclosure (Regulation C) 85 FR 28364 Published May 12, 2020. Effective July 1, 2020 except for amendments to § 1003.2 in amendatory instruction 5, the amendments to § 1003.3 in amendatory instruction 6, and the amendments to supplement I to part 1003 in amendatory instruction 7, which are effective on January 1, 2022. (PDF)   Action: Final rule; official interpretation. Agency: Bureau of Consumer Financial Protection. Home Mortgage Disclosure (Regulation C) 85 FR 28364 Published May 12, 2020. Effective July 1, 2020 except for amendments to § 1003.2 in amendatory instruction 5, the amendments to § 1003.3 in amendatory instruction 6, and the amendments to supplement I to part 1003 in amendatory instruction 7, which are effective on January 1, 2022.

Rule Summary (PDF)   Rule Summary

Action: Final rule; correction. Agency: Bureau of Consumer Financial Protection. Home Mortgage Disclosure (Regulation C); Correction of Supplementary Information 85 FR 69119 Published November 2, 2020. Correction effective November 2, 2020. (PDF)   Action: Final rule; correction. Agency: Bureau of Consumer Financial Protection. Home Mortgage Disclosure (Regulation C); Correction of Supplementary Information 85 FR 69119 Published November 2, 2020. Correction effective November 2, 2020.

News Release (April 15, 2020) CFPB and FHFA Announce Borrower Protection Program (PDF)   News Release (April 15, 2020) CFPB and FHFA Announce Borrower Protection Program

Blog Post (April 6, 2020) Help for small businesses during the COVID-19 pandemic (PDF)   Blog Post (April 6, 2020) Help for small businesses during the COVID-19 pandemic

News Release (April 3, 2020) Media Advisory: Consumer Financial Protection Bureau Releases Video on How Mortgage Forbearance Works Under CARES Act (PDF)   News Release (April 3, 2020) Media Advisory: Consumer Financial Protection Bureau Releases Video on How Mortgage Forbearance Works Under CARES Act

The Bureau's Mortgage Servicing Rules FAQs related to the COVID-19 Emergency (Updated April 3, 2020) (PDF)   The Bureau's Mortgage Servicing Rules FAQs related to the COVID-19 Emergency (Updated April 3, 2020)

News Release (April 1, 2020) CFPB Issues Credit Reporting Guidance During COVID-19 Pandemic (PDF)   News Release (April 1, 2020) CFPB Issues Credit Reporting Guidance During COVID-19 Pandemic

Statement (PDF)   Statement

News Release (March 26, 2020) CFPB Provides Flexibility During COVID-19 Pandemic (PDF)   News Release (March 26, 2020) CFPB Provides Flexibility During COVID-19 Pandemic

Statement on Supervisory and Enforcement Practices Regarding Quarterly Reporting Under the Home Mortgage Disclosure Act (PDF)   Statement on Supervisory and Enforcement Practices Regarding Quarterly Reporting Under the Home Mortgage Disclosure Act

Statement on Supervisory and Enforcement Practices Regarding Bureau Information Collections for Credit Card and Prepaid Account Issuers (PDF)   Statement on Supervisory and Enforcement Practices Regarding Bureau Information Collections for Credit Card and Prepaid Account Issuers

Statement on Bureau Supervisory and Enforcement Response to COVID-19 Pandemic (PDF)   Statement on Bureau Supervisory and Enforcement Response to COVID-19 Pandemic

As you know, state and federal executives, agencies and legislatures are reviewing data and circumstances every day and adjusting their responses to the pandemic all the time. We are monitoring for changes and developments and will post updates to this resource as we find them. Please check back regularly. We will also send alerts as certain critical developments unfold. If you are not signed up for Hudson Cook, LLP insights and would like to receive alerts, please sign up here.

Please note that the information here is not legal advice and does not create an attorney-client relationship. If you need legal assistance with a specific matter, please contact legal counsel.