The June WBA Compliance Journal includes interim final rules released by CFPB which rescind COVID-19 emergency mitigation protections under Regulation X and postpone the mandatory compliance dates for Section 1071 by one year. The “Regulatory Spotlight” section outlines several other rescissions and withdrawals of CFPB policy statements, guidance, advisory opinions, and previously proposed rules. See the “Compliance Notes” section for a registration link to free online training for bank employees designed by DOJ and UW-Green Bay to help equip banks with essential knowledge and skills to recognize and report financial abuse impacting seniors.
