The Bureau periodically releases policy guidance, including compliance bulletins, joint-agency memoranda, and other notices and guidance to inform and advise regulated entities.
The federal financial institution regulatory agencies and the state financial regulators issued a joint policy statement providing needed regulatory flexibility to enable mortgage servicers to work with struggling consumers affected by the Coronavirus Disease (referred to as COVID-19) emergency.
The Consumer Financial Protection Bureau is issuing this statement regarding Certified Community Development Financial Institutions receiving Federal financial assistance from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund.