{"id":"AGY-FED-FINANCIAL-101","kind":"context","level":"federal","jurisdiction":"United States; Consumer Financial Protection Bureau (federal)","state":"","metro":"","industry":"","agency":"FED-FINANCIAL","eco":"","issuer":"Consumer Financial Protection Bureau (Director Kathleen L. Kraninger)","authority":"12 U.S.C. § 5512(b); § 5514; § 5515","instrument":"CFPB statements of March 26, 2020 (Statement on Supervisory and Enforcement Practices Regarding Quarterly Reporting Under the Home Mortgage Disclosure Act; Statement on Supervisory and Enforcement Practices Regarding Bureau Information Collections for Credit Card and Prepaid Account Issuers)","title":"CFPB Provides Flexibility During COVID-19 Pandemic","dateIssued":"2020-03-26","effective":"2020-03-26","end":"Not rescinded within the period (HMDA quarterly reporting relief through 2020)","startDate":"2020-03-26","endDate":"2021-09-30","quarters":["2020Q2","2020Q3","2020Q4","2021Q1","2021Q2","2021Q3"],"types":["OTHER"],"addressees":["mortgage lenders subject to HMDA quarterly reporting","credit card and prepaid account issuers","all CFPB-supervised institutions"],"clause":"WASHINGTON, D.C. - The Consumer Financial Protection Bureau (Bureau) today announced that it is providing needed flexibility to enable financial companies to work with customers in [need as they respond to the COVID-19 pandemic. The Bureau is postponing some data collections and does not intend to cite in an examination or initiate an enforcement action against any institution for failure to report quarterly HMDA data during 2020].","enforcement":"Supervisory and enforcement forbearance under 12 U.S.C. §§ 5514-5515, 5561-5565","functions":["ML mortgage lending compliance (HMDA)","CL card and prepaid issuers","OP compliance reporting","CB"],"notes":"The consumer regulator\u0027s March 26, 2020 recognition that compliance and reporting functions were disrupted; the CFPB\u0027s later Regulation X interim final rule (Ex. 102) and the August 31, 2021 servicing rule (FED-B) complete the CFPB chronology","sourceUrl":"https://www.consumerfinance.gov/about-us/newsroom/cfpb-provides-flexibility-during-covid-19-pandemic/","snapshot":"","fileExists":true,"fileBytes":196247,"grade":"primary","character":"context","description":"","collection":"AGY-FED-FINANCIAL","url":"/library/AGY-FED-FINANCIAL-101","exhibitUrl":"/exhibit/AGY-FED-FINANCIAL-101","citation":"Consumer Financial Protection Bureau (Director Kathleen L. Kraninger), CFPB statements of March 26, 2020 (Statement on Supervisory and Enforcement Practices Regarding Quarterly Reporting Under the Home Mortgage Disclosure Act; Statement on Supervisory and Enforcement Practices Regarding Bureau Information Collections for Credit Card and Prepaid Account Issuers) (Mar. 26, 2020) (Ex. AGY-FED-FINANCIAL-101)","stateName":"","related":[]}