Finanse i konsumenci · 21/12/2023

Consumer Financial Protection Bureau Amends Regulation Z to Update Asset-Size Exemption Thresholds for Mortgages

The Consumer Financial Protection Bureau (CFPB) is adjusting the asset-size thresholds exempting certain creditors from establishing an escrow account for higher-priced mortgage loans, based on the annual percentage change in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). The changes reflect updates to the exemption from the Truth in Lending Act (TILA) and the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA).