The Consumer Financial Protection Bureau issued three annual threshold adjustment final rules.
CFPB adjusts asset-size thresholds
January 03, 2023 / By ICBA
The Consumer Financial Protection Bureau issued three annual threshold adjustment final rules.
The Consumer Financial Protection Bureau issued three annual threshold adjustment final rules.
Updates: The CFPB announced:
Asset-size exemption thresholds for depository institutions under Regulation C.
Asset-size exemption thresholds for certain creditors under qualified mortgage and high-cost mortgage requirements under Regulation Z.
Annual adjustments for inflation to the bureau’s civil penalty amounts, as required by the Federal Civil Penalties Inflation Adjustment Act.
Effective Dates: The HMDA and TILA escrow adjustments are effective as of Jan. 1. The civil penalty adjustments are effective on Jan. 15.
Subscribe now
Sign up for the Independent Banker newsletter to receive twice-monthly emails about new issues and must-read content you might have missed.
Sponsored Content
Featured Webinars
Join ICBA Community
Interested in discussing this and other topics? Network with and learn from your peers with the app designed for community bankers.
Subscribe Today
Sign up for Independent Banker eNews to receive twice-monthly emails that alert you when a new issue drops and highlight must-read content you might have missed.
News Watch Today
Join the Conversation with ICBA Community
ICBA Community is an online platform led by community bankers to foster connections, collaborations, and discussions on industry news, best practices, and regulations, while promoting networking, mentorship, and member feedback to guide future initiatives.
Join the Community Example Text
