CFPB Delays Compliance Date For Amended Rule On General Qualified Mortgage Definition

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Cadwalader, Wickersham & Taft LLP

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The CFPB delayed the compliance date for an amendment to the definition of the General Qualified Mortgage ("General QM") category under Regulation Z.
United States Finance and Banking

The SEC's newly appointed Director of Enforcement, Alex Oh, resigned from the agency, citing personal reasons. Melissa Hodgman, who served as Acting Director of Enforcement from January 2021 through April 2021, was reappointed Acting Director.

Ms. Hodgman first joined the SEC in 2008 as a staff attorney in the Division. Before becoming Acting Director earlier this year, Ms. Hodgman served as Associate Director in the Division, handling cases covering a spectrum of securities law violations, and overseeing the Division's COVID-19 Steering Committee and its Financial Reporting and Audit Group.

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