Federal Register: Federal Agencies Issue Final Rules Adjusting Certain Credit Thresholds for Small Loans

The Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency approved a final rule that detailed the method to be used to adjust annual inflation to the threshold for exempting small loans from special appraisal requirements. The FRB and the CFPB also issued a final rule detailing the method for adjusting the thresholds for exempting certain consumer credit and lease transactions.

The Consumer Financial Protection Bureau adopted final amendments to certain mortgage servicing rules issued in 2013. The final amendments were published in the Federal Register.

The Consumer Financial Protection Bureau proposed amendments to federal mortgage disclosure requirements under the Real Estate Settlement Procedures Act and the Truth in Lending Act. The proposal was published in the Federal Register.

The Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency proposed amendments to the official interpretations of regulations that establish special appraisal requirements for "higher-risk mortgages."