Implementation Date of Final Mortgage Servicing Rule in Question
Exceptions to Trump's freeze in federal regulations include emergency situations or other urgent circumstances relating to health, safety, financial, or national security matters, or otherwise. Which appears not to apply to the CFPB as it pertains to its new mortgage servicing rules changes set to go into effect later this year. However, some experts believe the freeze does not apply to "independent regulatory agencies, such as the Consumer Financial Protection Bureau, the Federal Reserve Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Securities and Exchange Commission.” [1/26/17]
