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Tag Archives: CFPB

Updated Final CFPB Rules Increase Servicer Liability

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.

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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.

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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.

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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.

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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.

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