Lending

• June 22, 2020 - The Bureau issued two notices of proposed rulemaking to amend the ATR-QM Rule. (1) Extention of the sunset date for temporary category of qualified mortgages (Temporary GSE); learn more here. (2) Amendment of the definition of a permanent category of qualified mortgages (General QM); learn more here
• June 4, 2020 - The Bureau has issued a proposed rule to amend Regulation Z generally to address the sunset of LIBOR, and to facilitate creditors’ transition away from using LIBOR as an index for variable-rate consumer products; learn more here