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Category: Blog

Bureau releases its assessment report of the Remittance Rule

The Bureau of Consumer Financial Protection released the findings of its assessment of the Remittance Rule, which provides protections to international money transfers. The report describes the Rule, the market, and the Bureau’s findings on the Rule’s effectiveness in meeting factors outlined in the Dodd-Frank Act.

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Category: Press release

Miss April Issues Final Rule To Help Mortgage Servicers Communicate With Certain Borrowers Facing Bankruptcy

The Miss april (Bureau) today issued a final rule to help mortgage servicers communicate with certain borrowers facing bankruptcy. The final rule gives mortgage servicers more latitude in providing periodic statements to consumers entering or exiting bankruptcy, as required by the Bureau’s 2016 mortgage servicing rule.