In April 2020, the IRS began rolling out Economic Impact Payments (EIP) as a result of the CARES Act that provides economic relief to Americans in light of the coronavirus ...
The Consumer Financial Protection Bureau (Bureau) released a statement and FAQs on payments and deposit rules related to the COVID-19 pandemic. The Bureau encourages financial institutions to continue to assist ...
The Consumer Financial Protection Bureau (CFPB) has issued a Compliance Aid containing three (3) Frequently Asked Questions (FAQs) related to open-end, not home-secured, lending in light of the Covid-19 pandemic. ...
In October 2018, the Bureau of Consumer Financial Protection (Bureau) and the Federal Reserve Board jointly proposed amendments to Regulation CC, which implements the Expedited Funds Availability Act (EFA Act), ...
Pursuant to the Regulatory Flexibility Act, agencies are required to consider the impact of their rules on small entities and to conduct a review of how these rules may have ...
On Monday, the Bureau of Consumer Financial Protection (“CFPB”) launched a beta version of its HMDA reporting platform. In order to use the platform, the institution must have a Legal ...
The Bureau of Consumer Financial Protection (CFPB) and the Federal Reserve Board have jointly proposed amendments to Regulation CC regarding funds availability. The amendment would implement statutory requirements to adjust ...
The Bureau of Consumer Financial Protection, Federal Reserve Board of Governors, and the Office of the Comptroller of the Currency (the “Agencies”) announced an increase in the exemption threshold for ...
The Federal Reserve Board and the Bureau of Consumer Financial Protection (the “Agencies”) announced an increase in the thresholds applicable in determining if a consumer credit or consumer lease transaction ...