In a September 28, 2022 blog post, the CFPB examined the potential impact of rising vehicle prices on consumers with deep subprime credit scores, concluding that they are particularly likely to be financially vulnerable.
This is the CFPB’s second
CPFB Issues Final Rule for Credit Reporting for Survivors of Human Trafficking
On June 23, the Consumer Financial Protection Bureau (CFPB) issued a final rule, prohibiting consumer reporting agencies (CRAs) from reporting adverse information resulting from human trafficking on survivors’ credit reports. This rule took effect on July 25.
The CFPB’s
Crypto Asset Service Providers one year later
Its been a little over a year since Cyprus introduced the Cyprus Crypto Asset Providers law this article reviews the current situation, the applications made and in general the landscape.
The post Crypto Asset Service Providers one year later appeared
CFPB Warns Mortgage Lenders That Failure to Have Appraisal Reconsideration Policies Can Violate Federal Law
In a recent blog post the CFPB warned mortgage lenders that “[l]enders that fail to have a clear and consistent method to ensure that borrowers can seek a reconsideration of value risk violating federal law.”
In the blog post the
EMIR related Delegated Regulations published in OJ
On 7 October 2022, the following Delegated Regulations relating to the European Markets Infrastructure Regulation (EMIR) were published in the Official Journal of the EU (OJ):
- Commission Delegated Regulation (EU) 2022/1855 of 10 June 2022 supplementing EMIR with regard to
EBA updates on the monitoring of total loss-absorbing capacity and minimum requirement for own funds and eligible liabilities instruments
On 7 October 2022, the European Banking Authority (EBA) has issued its latest monitoring report regarding total loss-absorbing capacity and minimum requirement for own funds and eligible liabilities (TLAC/MREL). The report provides policy views based on TLAC/MREL instruments assessed up
SEC Releases Draft Strategic Plan for Fiscal Years 2022-2026
On August 24, 2022, the SEC released its Draft Strategic Plan for Fiscal Years 2022-2026. The plan is based on the three-part mission of the SEC:
The mission of the SEC is to protect investors; maintain fair, orderly, and
Commission Notice on the interpretation of certain legal provisions of the Disclosures Delegated Act under Article 8 of EU Taxonomy Regulation on the reporting of eligible economic activities and assets
On 6 October 2022, there was published in the Official Journal of the European Union (OJ) a European Commission Notice on the interpretation of certain legal provisions of the Disclosures Delegated Act (Delegated Regulation 2021/2178) under Article 8 of EU
HUD Announces Consideration of Positive Rental History for FHA Purchase Loans
For forward Federal Housing Administration (FHA) insured purchase mortgage loans made to first-time homebuyers, the U.S. Department of Housing and Urban Development (HUD) recently announced in Mortgagee Letter 2022-17 the consideration of positive rental history in FHA’s Technology Open to
State Attorneys General Sue to Halt Cancellation of Student Loan Debt
On September 29, 2022, the Attorneys General of Arkansas, Iowa, Kansas, Missouri, Nebraska, and South Carolina filed a complaint in the U.S. District Court for the Eastern District of Missouri against President Biden, Secretary of Education Miguel Cardona, and the