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CFPB publishes rulemaking agenda

On June 11, the Office of Information and Regulatory Affairs released the CFPB’s spring 2021 rulemaking agenda.

Fed will resume HMDA quarterly reporting

On May 14, the Federal Reserve’s Division of Consumer and Community Affairs issued a letter informing supervised financial institutions that HMDA quarterly reporting will resume beginning with institutions’ 2021 first quarter data, due on or before May 31, 2021, for all covered loans and applications with a final action taken date between January 1 and March 31, 2021.

CFPB delivers 2020 fair lending report to Congress

On April 14, the CFPB issued its annual fair lending report to Congress, which outlines the Bureau’s efforts in 2020 to fulfill its fair lending mandate, while protecting consumers against the resulting economic consequences of the Covid-19 pandemic.

CFPB rolls back last year’s Covid-19 flexibilities

On March 31, the CFPB rescinded, effective April 1, the following policy statements, which provided temporary regulatory flexibility measures to help financial institutions work with consumers affected by the Covid-19 pandemic:

CFPB releases fall 2020 rulemaking agenda

On December 11, the CFPB released its fall 2020 rulemaking agenda. According to a Bureau announcement, the information details the regulatory matters that the Bureau “expect[s] to focus on” between November 2020 and November 2021. The announcement notes that the Bureau will also continue to monitor the need for further actions related to the ongoing Covid-19 emergency.

Warren W. Traiger quoted in American Banker article, “CFPB missed opportunity to call out lending discrimination, critics say”

Warren W. Traiger was quoted on September 24, 2020 in an American Banker article, “CFPB missed opportunity to call out lending discrimination, critics say,” which discussed the Consumer Financial Protection Bureau’s recent analysis of the Home Mortgage Disclosure Act’s credit score data for racial disparities, and the agencies report that stated the disparities required further study — without any mention of discrimination.

Kraninger discusses semi-annual report and pandemic response at congressional hearings

On July 29, CFPB Director Kathy Kraninger testified at a hearing held by the Senate Banking Committee on the CFPB’s Semi-Annual Report to Congress, which covers the Bureau’s work from October 1, 2019, through March 31, 2020.

CFPB raises HMDA reporting thresholds

On April 16, the CFPB issued a final rule permanently raising coverage thresholds for collecting and reporting data about closed-end mortgage loans and open-end lines of credit under HMDA.

Federal Reserve eases quarterly HMDA reporting

On March 31, the Federal Reserve’s (Fed) Division of Consumer and Community Affairs issued a letter regarding HMDA quarterly reporting requirements during the Covid-19 pandemic, which echoed the statement issued by the CFPB on March 26.

CFPB outlines regulatory flexibility related to Covid-19

On March 26, the CFPB announced several regulatory flexibility measures to help financial companies work with consumers affected by Covid-19. Specifically, the measures postpone certain industry data collections on Bureau-related rules. These include:

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