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Federal DC Court Overturns Closed-End Loan HMDA Reporting Threshold

CFPB Monitor

Presumably, the current leadership of the CFPB would favor the reduction of the closed-end loan reporting threshold to the 25 originated loans in each of the prior two years level set by the October 2015 rule. Additionally, prior to that rule, the reporting of open-end lines of credit was optional, so there was no reporting trigger. .

DC 78
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OCC Chief Praises Mulvaney On Halting Payday Rule

PYMNTS

“I also applaud him for realigning his agency’s mission to the current needs of the nation, making its processes more transparent and fair.” ” “I have been impressed with Mick’s leadership and emphasis on operational efficiency and excellence,” Otting added. Court of Appeals for the District of Columbia.

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D.C. Circuit grants motion of U.S. for leave to file amicus brief in PHH by March 17; denies motions to intervene

CFPB Monitor

Circuit denied various motions to intervene or for reconsideration of motions to intervene as follows: The motion of the plaintiffs in State National Bank of Big Spring, Texas, et al. As we previously observed, the motion appears to signal the DOJ’s intention to support PHH rather than the CFPB. In a second order , the D.C.