The CFPB delayed the compliance date for an amendment to the definition of the General Qualified Mortgage category under the Truth in Lending Act.
News & Insights
The Biden Administration’s appointment of Dave Uejio as CFPB Acting Director signals a shift in the agency’s regulatory agenda toward more attention on fair lending practices.
A CFPB interpretive rule was published in the Federal Register providing that sex discrimination by lenders, including on the basis of sexual orientation and gender identity, is prohibited under the Equal Credit Opportunity Act and CFPB Regulation B.
The CFPB adopted an interpretive rule providing that sex discrimination, including discrimination on the basis of sexual orientation and gender identity, by lenders is prohibited.
The CFPB proposed a delay - from July 1, 2021 to October 1, 2022 - for compliance with an amended definition of the General Qualified Mortgage category under the Truth in Lending Act.