CFPB issues annual threshold adjustments

The Consumer Financial Protection Bureau issued three annual threshold adjustment final rules, effective Jan. 1, 2021:

  • Asset-size exemption thresholds for depository institutions under Regulation C.
  • Thresholds and exemptions for certain creditors under the escrow requirements, small creditor portfolio and balloon-payment qualified mortgage requirements, and prohibitions against balloon-payment high-cost mortgages under Regulation Z.
  • The maximum amount consumer reporting agencies may charge consumers for making a file disclosure to a consumer under the Fair Credit Reporting Act.