Insight

Washington Report 360 | April 9, 2021

Agencies release proposals and statements on climate risk, financial inclusion, and COVID-19 relief

Amy S. Matsuo

Amy S. Matsuo

ESG and Regulatory Insights Lead, KPMG LLP

Key Highlights

  • Agencies issue proposals and statements to drive prioritization to climate risk, financial inclusion, COVID-19 relief measures (including forbearance) and affordable housing.
  • CFPB proposes temporary changes to mortgage servicing rules to help stave off potential COVID-19-related foreclosures.
  • CFPB proposes 60-day review delay (to 01/29/2022) for two debt collection rules passed in 2020.
  • Treasury encourages financial institutions to “credibly align their portfolios and strategies with the objectives of the Paris Agreement.”

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