On March 31, 2021, the Consumer Financial Protection Bureau (CFPB) announced it is rescinding seven policy statements issued...
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Read articles below for analysis and discussion of recent trends by BM&G’s industry experts.
Request for Information and Comment on Financial Institutions’ Use of Artificial Intelligence, Including Machine Learning
In the March 31, 2021 issue of the Federal Register (86 FR 16837), the FRB, CFPB, FDIC, NCUA, and OCC (the Agencies) published a...
CFPB Rescinds Statement of Policy Regarding Prohibition on Abusive Acts or Practices
In the March 19, 2021 issue of the Federal Register (86 FR 14808), the Consumer Financial Protection Bureau (CFPB) rescinded the...
Federal Agencies Propose Interagency Questions and Answers Regarding Private Flood Insurance
In the March 18, 2021 issue of the Federal Register (86 FR 14696), the Office of the Comptroller of the Currency (OCC), Board of...
CFPB Issues Interpretive Rule on Sex Discrimination under ECOA and Regulation B on the Basis of Sexual Orientation and Gender Identity
In the March 16, 2021 issue of the Federal Register (86 FR 14363), the Consumer Financial Protection Bureau issued an...
Proposed Withdrawal of Independent Contractor Status Under the Fair Labor Standards Act (FLSA) Rule
In the March 12, 2021 issue of the Federal Register (86 FR 14027), the Wage and Hour Division (WHD) of the Department of Labor...
FDIC Adopts Statement Clarifying the Role of Supervisory Guidance
In the March 2, 2021 issue of the Federal Register (86 FR 12079), the Federal Deposit Insurance Corporation (FDIC) adopted a...
CFPB Adopts Statement Clarifying the Role of Supervisory Guidance
In the February 12, 2021 issue of the Federal Register (86 FR 9261), the Consumer Financial Protection Bureau adopted a final...
CFPB Public Statement on General QM and Seasoned QM Final Rules
In the February 26, 2021 issue of the Federal Register (85 FR 11623) the Bureau of Consumer Financial Protection published a...
CFPB Final Rule Amends General Qualified Mortgage Loan Definition
In the December 29, 2020 issue of the Federal Register (85 FR 86308, click here) the Bureau  of Consumer Financial Protection...