The Consumer Financial Protection Bureau has issued a rule which finalizes the asset-size exemption thresholds for depository institutions under Regulation C.
The bureau also announced asset-size exemption thresholds for certain creditors under the escrow requirements and small creditor portfolio and balloon-payment qualified mortgage requirements, and the small creditor exemption from the prohibition against balloon-payment high-cost mortgages under Regulation Z.
Read on for more details from the bureau.
TO READ THE FULL STORY
Cover Story: