2021年7月27日
CFPB Makes Temporary Revisions to Default Servicing Rules to Assist Borrowers at Risk of Foreclosure
Authors:
On June 28, 2021, the US Consumer Financial Protection Bureau announced that it had finalized revisions to the Regulation X default servicing rules that are designed to assist delinquent borrowers impacted by the COVID-19 pandemic. In this Legal Update, we describe the unique challenges facing servicers and borrowers that prompted the Bureau to amend Regulation X and discuss the key provisions of the new rules.
