CFPB ends COVID mortgage protections

The Consumer Financial Protection Bureau issued an interim final rule ending protections for mortgagors experiencing hardships due to the COVID-19 pandemic.

Details: The CFPB said the interim final rule rescinds “Protections for Borrowers Affected by the COVID-19 Emergency Under the Real Estate Settlement Procedures Act, Regulation X” of June 2021.

More: The CFPB added that the protections are no longer needed and “it is the policy of the Bureau to streamline regulatory requirements to reduce burdens on the American public.”

Previous News

ICBA meets with Treasury officials on addressing check fraud
ICBA last week met with Treasury officials as the department works to transition from paper checks to electronic payments for all federal disbursements and receipts.
Image
May 19, 2025
ICBA urges Senate to include ACRE Act in reconciliation bill
ICBA called on Senate Finance Committee leaders to include the Access to Credit for our Rural Economy Act (S. 838) in the tax portion of the Senate reconciliation bill.
Image
May 19, 2025
Hotel deadline today for ICBA PAC golf tournament
ICBA PAC is hosting its 20th Annual Golf Classic on June 16 at the Minneapolis Golf Club in St. Louis Park, Minn. Lodging at the Minneapolis Marriott West is available June 15-17 and rooms must be reserved today.
Image
May 19, 2025

Related News Taxonomy

ICBA to CFPB: Section 1033 should not be mandated for community banks
Jun 24, 2025
CFPB extends 1071 compliance deadlines
Jun 18, 2025
CFPB seeks to vacate ‘unlawful’ 1033 rule
Jun 3, 2025