Proposed Rules & Comment Letters

Proposed Rules

Compliance Proposed Rules


  • August 18, 2020 - The Consumer Financial Protection Bureau (Bureau) issued a notice of proposed rulemaking (NPRM) to create a new category of seasoned qualified mortgages (Seasoned QMs) in order to encourage innovation and help ensure access to responsible, affordable in the mortgage credit market; learn more here.
  • 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.


  • October 23, 2020 - the Financial Crimes Enforcement Network (FinCEN) and the Federal Reserve Board invited comment on a proposed rule that would amend the recordkeeping and travel rule regulations under the Bank Secrecy Act.  FinCEN and the Board, pursuant to their shared authority, are proposing amendments to the recordkeeping rule jointly, while FinCEN, pursuant to its sole authority, is proposing amendments to the travel rule.  Comments will be accepted until November 27, 2020; learn more here.