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 National Association of Mortgage Brokers (NAMB)—The Association of Mortgage Professionals has announced that it has joined a coalition of trade associations and housing interest groups with ties to the mortgage industry in submitting a letter to Richard Cordray, Director of the Consumer... more
The Federal Housing Finance Agency (FHFA) has terminated all remaining provisions of the consent cease and desist order applicable to the Federal Home Loan Bank of Chicago (FHLBank). The order was terminated because of improvements in the FHLBank’s financial condition and capital position,... more
The House Financial Services Committee (HFSC) has unveiled the Dodd-Frank Burden Tracker, an online resource to help the public keep track of all the new government rules and red tape required by the Dodd-Frank Act. The Dodd-Frank Act, passed by Congress in 2010, mandates that government regulators... more
The National Association of Home Builders (NAHB) has called on Congress to simplify the tax code as part of a comprehensive tax reform effort in order to help small businesses to continue serve as an engine of economic growth. Testifying on behalf of NAHB before the House Small Business Committee,... more