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New CFPB Reporting Guidance: Loans in Forbearance

Question: 
The CFPB recently released new guidance on reporting natural disasters and loans in forbearance. Where can we find this information?
Answer: 

In June 2018, the Consumer Data Industry Association (CDIA) -- the entity responsible for creating the Metro 2 data specification format -- published new guidance on reporting (1) loans in forbearance and (2) natural or declared disasters.

You can see the detailed steps to follow by downloading the FAQ sheets on Forbearance and Natural & Declared Disasters.

Attend this webinar to discover more CFPB guidance and receive copies of informative resources.
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Learn more about Carly Souther’s webinar New CFPB Expectations: Compliance in 2020

First published on 04/19/2020

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