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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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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. In a second order , the D.C. Lew , another case challenging the CFPB’s constitutionality, to intervene in the en banc rehearing was denied.