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....
A law firm representing a group of worker pension funds is stating that it has reached a $165 million settlement with four lenders relating to problem with a 2006 mortgage-backed securities (MBS) investment
A law firm representing a group of worker pension funds is stating that it has reached a $165 million settlement with four lenders relating to problem with a 2006 mortgage-backed securities (MBS) investment.   In its statement, Cohen Milstein Sellers & Toll said that its clients achieved a... more
The Federal Reserve Bank of Atlanta has named Raphael W. Bostic as its 15th president and CEO, effective June 5. Bostic, age 50, succeeds Dennis Lockhart
The Federal Reserve Bank of Atlanta has named Raphael W. Bostic as its 15th president and CEO, effective June 5. Bostic, age 50, succeeds Dennis Lockhart, who retired on Feb. 28 and will become the first African-American to head a Federal Reserve bank.   Bostic is the Judith and John Bedrosian... more
The U.S. Department of Housing and Urban Development (HUD) has reached a settlement with Rockford, Ill.-based Alpine Bank & Trust
The U.S. Department of Housing and Urban Development (HUD) has reached a settlement with Rockford, Ill.-based Alpine Bank & Trust regarding charges of discrimination against African-American and Hispanic mortgage applicants.   The settlement resolves charges filed by HOPE Fair Housing Center of... more
New York Gov. Andrew Cuomo, who served as Secretary of Housing and Urban Development under President Bill Clinton, has hired two Florida fundraisers in what might be the groundwork for the 2020 Democratic Party presidential nomination
New York Gov. Andrew Cuomo, who served as Secretary of Housing and Urban Development under President Bill Clinton, has hired two Florida fundraisers in what might be the groundwork for the 2020 Democratic Party presidential nomination.   The New York Post is reporting that one of the fundraisers... more