Compliance

The Consumer Financial Protection Bureau (CFPB) has issued a statement claiming that some mortgage servicers were in violation of federal laws “by failing to provide struggling borrowers with legal protections.”
The Consumer Financial Protection Bureau (CFPB) has issued a statement claiming that some mortgage servicers were in violation of federal laws “by failing to provide struggling borrowers with legal protections.”   In the Spring 2017 edition of the agency’s “Supervisory Highlights” report, the CFPB... Keep Reading....
The Federal Reserve has named Governor Jerome Powell to lead the Committee on Supervision and Regulation
The Federal Reserve has named Governor Jerome Powell to lead the Committee on Supervision and Regulation, replacing Daniel Tarullo.   According to a Bloomberg report, Powell will have the authority over the Fed’s functions on writing bank rules and overseeing Wall Street enforcement. Powell, who... more
Secure Insight (SSI) has announced that it has hired mortgage industry veteran Carolyn Covington as its new regional sales director based in California
Secure Insight (SSI) has announced that it has hired mortgage industry veteran Carolyn Covington as its new regional sales director based in California, focused on expanding SSI lender clients throughout the Western United States.   “We are very pleased to have Carolyn join our organization at this... more
A federal judge has issued a ruling that stated LGBT people were covered by the Fair Housing Act
A federal judge has issued a ruling that stated LGBT people were covered by the Fair Housing Act, even though the law makes no specific mention of sexual orientation or gender identity.   According to a Washington Post report, Judge U.S. District Judge Raymond P. Moore in Denver   Ruled that Rachel... more
An appearance by Consumer Financial Protection Bureau (CFPB) Richard Cordray today before the House Financial Services Committee
An appearance by Consumer Financial Protection Bureau (CFPB) Richard Cordray today before the House Financial Services Committee brought out some of the roughest insults and the sweetest praise ever bestowed on a federal regulator.   First, the rough stuff: Rep. Jeb Hensarling (R-TX), the committee... more