15-EF-14 - CFPB's Small Credit Exemption Adjustments

The Consumer Financial Protection Bureau (CFPB) has finalized amendments and revisions to Regulation Z. The Bureau’s final rule amends the definition of “small creditor” by raising the origination limit from 500 first-lien mortgage loans to 2,000; excluding loans held in portfolio by the creditor and its affiliates; and including assets of a credit union’s mortgage-originating CUSO into the $2.06B threshold.

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