In the March 16, 2021 issue of the Federal Register (86 FR 14363), the Consumer Financial Protection Bureau issued an...
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Read articles below for analysis and discussion of recent trends by BM&G’s industry experts.
Proposed Withdrawal of Independent Contractor Status Under the Fair Labor Standards Act (FLSA) Rule
In the March 12, 2021 issue of the Federal Register (86 FR 14027), the Wage and Hour Division (WHD) of the Department of Labor...
FDIC Adopts Statement Clarifying the Role of Supervisory Guidance
In the March 2, 2021 issue of the Federal Register (86 FR 12079), the Federal Deposit Insurance Corporation (FDIC) adopted a...
CFPB Adopts Statement Clarifying the Role of Supervisory Guidance
In the February 12, 2021 issue of the Federal Register (86 FR 9261), the Consumer Financial Protection Bureau adopted a final...
CFPB Public Statement on General QM and Seasoned QM Final Rules
In the February 26, 2021 issue of the Federal Register (85 FR 11623) the Bureau of Consumer Financial Protection published a...
CFPB Final Rule Amends General Qualified Mortgage Loan Definition
In the December 29, 2020 issue of the Federal Register (85 FR 86308, click here) the Bureau of Consumer Financial Protection...
Independent Contractor Status Under the Fair Labor Standards Act
In the January 7, 2021 issue of the Federal Register (86 FR 1168), the U.S. Department of Labor (DOL) through its Wage and Hour...
CFPB Creates New Category of Qualified Mortgages – Seasoned QM
In the December 29, 2020 issue of the Federal Register (85 FR 86402), the Consumer Financial Protection Bureau (CFPB) published...
Texas Finance Commission Adopts Amendments to Texas Administrative Code Chapter 80 (Texas Residential Mortgage Loan Companies) and Chapter 81 (Mortgage Bankers and Residential Mortgage Loan Originators)
In the January 1, 2021, Texas Register, the Finance Commission of Texas (Commission) published amendments to the Texas...
Mortgagee Letter 2020-49 Revises Form HUD-92900-A, HUD Addendum to Uniform Residential Loan Application
In Mortgagee Letter 2020-49 (ML 2020-49) FHA announced the publication of a revised Form HUD-92900-A, “HUD Addendum to Uniform...