The COVID Project
Context, not an orderThis record is guidance or an announcement kept for context. It is not counted among the orders in force.
The record
- Jurisdiction
- United States; Consumer Financial Protection Bureau (federal)
- Level
- Federal
- Authority
- 12 U.S.C. § 5512(b); § 5514; § 5515
- Issued
- 2020-03-26 Mar. 26, 2020
- Effective
- 2020-03-26
- End
- Not rescinded within the period (HMDA quarterly reporting relief through 2020) (read as 2021-09-30)
- In force
- Mar. 26, 2020 to Sept. 30, 2021
- Quarters
- 2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Limitation types
- Other
- Addressees
- mortgage lenders subject to HMDA quarterly reporting
- credit card and prepaid account issuers
- all CFPB-supervised institutions
- Functions reached
- ML mortgage lending compliance (HMDA)
- CL card and prepaid issuers
- OP compliance reporting
- CB
- Character
- context
- Collection
- Federal financial regulators AGY-FED-FINANCIAL
Operative words
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
Notes
The consumer regulator's March 26, 2020 recognition that compliance and reporting functions were disrupted; the CFPB's later Regulation X interim final rule (Ex. 102) and the August 31, 2021 servicing rule (FED-B) complete the CFPB chronology
Retrieval noteRendered from the live CFPB release; the two statements it transmits are linked PDFs not separately saved.