VA issued Circular 26-17-02 (Circular), clarifying and explaining new policy with respect to student loans and the underwriting of a VA home loan. The Circular sets forth the policy for calculating monthly loan payments for student loans that are in repayment at the time of loan closing and for student loans requiring repayment within 12 months of loan closing. The Circular went into effect January 23, 2017.
CFPB
CFPB Amends Fair Credit Reporting Act with respect to Medical Information
The CFPB adopted rules amending the Fair Credit Reporting Act (FCRA) with respect to medical information. Per the rule adoption, the CFPB removed an exception