Compliance

The editorial board of the New York Times accused President Trump of using an ongoing court case regarding the constitutionality of the leadership structure of the Consumer Financial Protection Bureau (CFPB)
The editorial board of the New York Times accused President Trump of using an ongoing court case regarding the constitutionality of the leadership structure of the Consumer Financial Protection Bureau (CFPB) as a springboard for what it dubbed a “bigger power play” to expand the Executive Branch’s... Keep Reading....
The U.S. Department of Housing & Urban Development (HUD) and the U.S. Department of the Treasury have released the March edition of the Obama Administration’s Housing Scorecard which shows some promising signs of housing market stability, though the overall outlook remains mixed. Mortgage... more
U.S. District Court Judge for the District of Columbia Rosemary Collyer has signed documents and has approved the $25 billion mortgage servicing settlement with the nation's top mortgage servicers, Bank of America, Wells Fargo, JPMorgan Chase, Citigroup and Ally Financial.  “The court approval of... more
William Brown of Newark, N.J. has admitted his role in a $40.8 million mortgage fraud conspiracy, recruiting “straw buyers” to purchase real estate properties in New Jersey, South Carolina and Georgia and causing lenders to release more than $18 million based on fraudulent mortgage loan... more
On Feb. 17, 2012, the Consumer Financial Protection Bureau (CFPB) issued its first proposed rule specifically defining who falls into the “larger participant” category in the “non-bank” financial services markets for future regulation. The first industries of focus for the CFPB are consumer (credit... more