Jason Bushby and Jonathan Kolodziej Quoted in National Mortgage News on CFPB’s Proposed Rule in the Federal Register

Bradley attorneys Jason Bushby and Jonathan Kolodziej were quoted in National Mortgage News on a recent proposed rule in the Federal Register published by the Consumer Financial Protection Bureau (CFPB) that could scale back some procedures added for mortgaged homeowners with hardships due to COVID-19.

One sticking point in rolling back the rule may be the flexibility some in the industry have been using in the section that hasn’t officially expired, according to the attorneys.

“In our opinion, the CFPB is understating the impact of rescinding the anti-evasion exception for some loan modifications,” Bushby and Kolodziej wrote in commentary posted on its website.

The attorneys expressed concern that servicers have been using that aspect of the 2021 final rule to “continue offering certain loan modification options in a streamlined fashion” and rescinding it could require procedural change.

The full article, “CFPB proposes end to pandemic servicing requirement,” was published by National Mortgage News on May 16, 2025.