Regulation and Compliance
Coming Up:
CFPB Issues Interpretive Rule On Juneteenth
The CFPB will determine whether the industry should treat Juneteenth as a federal holiday or a business day, due to time-sensitive borrower protections.
The Scam That Keeps On Taking
Cyber thieves are relentlessly targeting buyers in the middle of their title insurance and escrow process.
NMP
Mortgage Forbearance Changes Create Challenges for Servicers
65% Of All Plans Would Expire By The End of 2021
CFPB Reports Trends In Financial Assistance
The latest developments from this study reveal that most consumers have exited the payment assistance they received at the start of the pandemic.
CFPB Orders GreenSky To Refund $9M In Unauthorized Loans
The consent order requires GreenSky to refund or cancel up to $9 million in loans for the customers harmed by this illegal conduct.
CFPB Warns Landlords And Consumer Reporting Agencies To Report Accurate Rental Information
Inaccurate rental or eviction information can unfairly block families and individuals from safe, affordable housing.
FHFA Mandates Quarterly Fair Lending Reports
FHFA issued orders for all enterprises to submit quarterly Fair Lending Reports with data and information to improve the FHFA’s capabilities.
FHFA Follows CFPB To Protect Borrowers Once COVID-19 Foreclosure And Eviction Moratoriums End
The Federal Housing Finance Agency made it clear that Fannie Mae and Freddie Mac servicers are not permitted to make first notice or filing for foreclosure that would be prohibited by the CFPB protections for borrowers affected by COVID-19.
CFPB Finds Evidence Of Redlining And Deceptive Acts In 2020
Enforcement actions resulted in more than $124 million in consumer remediation and civil money penalties in 2020
CFPB Announces New Rule To Ease Transition Out Of Forbearance
The CFPB established temporary special safeguards to ensure that borrowers have time before foreclosure to explore other options of repayment, including loan modifications and selling their home.