“Too small to comply” may soon become a big issue for our industry. Editor's note: This select print feature originally appeared in the March 2016 edition of DS News.
Read More »CFPB Dispels Myths Surrounding New Servicing Rules and QM Rule
In an address at the National Credit Union Association on Tuesday, CFPB Director Richard Cordray answered criticisms surrounding the Bureau's regulatory changes in the mortgage industry.
Read More »CFPB Director Cordray Doubles Down on Arbitration Clause Stance
The director said that some of the broader ramifications surrounding arbitration clauses "are surprising and even breathtaking in their scope."
Read More »CFPB’s Complaint Volume is Swelling
Where do mortgages rank on the list of the Bureau's most complained about financial products?
Read More »Is the CFPB Abusing Its Power?
One case has many in the mortgage industry questioning whether or not the Consumer Financial Protection Bureau's (CFPB) power and authority is being used unjustly.
Read More »A Changing Environment: Impact of Regulatory Compliance on Default Servicing Law Firms
The demand for Compliance Attorneys and Compliance Officers in default servicing law firms is at an all-time high. This select print feature originally appeared in the January 2016 issue of DS News magazine.
Read More »Counsel’s Corner: Updated HMDA Creates Concerns Over Privacy, Increased Costs
Counsel's Corner is an ongoing series in which DS News talks with default servicing attorneys around the country about the most pressing issues facing the default servicing industry. This installment features Alexander Monterrubio, Regulatory Affairs Counsel with the National Association of Federal Credit Unions.
Read More »CUNA: CPPB has ‘Overstepped the Boundaries’ With Expanded HMDA Rule
The Consumer Financial Protection Bureau nearly tripled the amount of data fields lenders must report under the Home Mortgage Disclosure Act. Is it too much?
Read More »CFPB Announces New Acting Deputy Director
Six months after naming Meredith Fuchs as Acting Deputy Director, the Consumer Financial Protection Bureau named David Silberman as her replacement.
Read More »CFPB Seeks Public Comment on Home Mortgage Disclosure Act Data Points
Lenders have been troubled by the Home Mortgage Disclosure Act (HMDA) data points for many years, but they may see some relief in the near future.
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