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Bureau publishes RFI and QM proposal

The CFPB has published in today's Federal Register:

  • its previously-announced Request for Information [85 FR 53299] relating to a review of rules under the CARD Act. Comments are due in 60 days (by October 27, 2020).
  • its previously-announced Notice of Proposed Rulemaking [85 FR 53568] proposing the addition of a new "Seasoned QM Loan" definition for section 1026.43 of Regulation Z. Comments are due in 31 days (by September 28, 2020).

The Top Stories announcing the RFI and NPRM have been updated with this information, and the comment deadlines have been added to the BankersOnline Compliance Deadlines Calendar.

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