Risk Based Pricing and Adverse Action Notice Changes Finalized

The Fed and FTC on Wednesday issued final rules to implement the credit score disclosure requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act. If a credit score is used in setting material terms of credit or in taking adverse action, the statute requires creditors to disclose certain information to consumers.

CFPB Releases Sample Mortgage Disclosure Forms

Required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, the revised forms are meant to help both consumers and lenders by simplifying the mortgage process. Comment by May 27.

Warren Sees May Testing of Mortgage Forms

The CFPB will begin testing prototype model mortgage forms against existing laws, according to its head.

IRS Issues Interim Guidance on Informational Reporting of Employer-Sponsored Health Coverage

The IRS emphasizes that this new reporting to employees is for their information only, and does not cause excludable employer-provided health coverage to become taxable.