Cast as “rule clarifications,” the CFPB's updated final mortgage servicer rules do contain a large number of new, additional requirements that are already being discussed and digested by the servicing industry. This select print feature originally appeared in the January 2017 issue of DS News.
Read More »House Dems Write in Defense of Cordray
A group of Democrats from the U.S. House of Representatives have written a letter to President-elect Donald Trump asking him not to remove CFPB Director Richard Cordray before his term is up in mid-2018.
Read More »CFPB Updates Congress on Mortgage Industry Rules
The Consumer Financial Protection Bureau recently reported on what it has done to assist the mortgage industry with the smooth implementation of three of its major initiatives: TRID, HMDA, and the August 2016 updates to its new mortgage servicing rules.
Read More »What’s on the Horizon for CFPB Mortgage Policies?
According to the latest regulatory agenda published semi-annually, the Bureau has a several upcoming initiatives that may come into fruition in the coming months and years.
Read More »CFPB Asks Appeals Court to Rehear PHH Case
The Consumer Financial Protection Bureau has filed an en banc petition with the U.S. Court of Appeals for the District of Columbia over the court’s ruling last month that the Bureau’s structure is “unconstitutional” in the PHH Corp. lawsuit.
Read More »CFPB Issues Warning Letters to 44 Mortgage Lenders and Brokers
The Consumer Financial Protection Bureau has issued a letter of warning to mortgage lenders and brokers that they may be in violation of the Home Mortgage Disclosure Act.
Read More »Cordray: Servicers Still have Work to Do
Richard Cordray was not forthcoming with praise for the mortgage servicing industry during a speech on Tuesday, but instead spent most of his time highlighting work the CFPB has done to revive the mortgage industry.
Read More »And the Clock Starts Now: CFPB Servicing Rules Published
Servicers, listen up: All provisions of the CFPB’s mortgage servicing final rule and interpretive rule will be published in the Federal Register on October 19th, most becoming effective 12 months after the date of publication.
Read More »Could an Overhaul of Student Loan Programs Help Homeownership?
The CFPB recently announced a large overhaul to student loan debt programs. How could these changes get borrowers current on payments and assist in the success of other investments such as homeownership?
Read More »A Look at What’s in Store for the CFPB
Colgate Selden, former Senior Counsel in the CFPB Office of Regulations, discusses the possible effect that the PHH Corp. v. CFPB decision will have on the Bureau's daily operations.
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