Bureau of Consumer Financial Protection July 17, 2014 – Federal Register Recent Federal Regulation Documents
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Application of Regulation Z's Ability-To-Repay Rule to Certain Situations Involving Successors-in-Interest
The Bureau of Consumer Financial Protection (Bureau) is issuing this interpretive rule to clarify that the Bureau's Ability-to- Repay Rule incorporates the existing definition of ``assumption'' under Regulation Z.
Policy Guidance on Supervisory and Enforcement Considerations Relevant to Mortgage Brokers Transitioning to Mini-Correspondent Lenders
The Bureau of Consumer Financial Protection (CFPB or Bureau) is issuing supervisory and enforcement guidance entitled ``Policy Guidance on Supervisory and Enforcement Considerations Relevant to Mortgage Brokers Transitioning to Mini-Correspondent Lenders,'' (Policy Guidance) which relates to the Bureau's exercise of its authority to supervise and enforce compliance with RESPA and Regulation X and TILA and Regulation Z in certain transactions involving ``mini-correspondent lenders.''
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