Two Key Factors to Consider in the Updated Servicing Rules
Handling successors in interest and periodic statements for borrowers in bankruptcy can create compliance headaches.
View ArticleConsumers Weigh Closing Costs, Customer Service When Choosing a Mortgage Lender
When selecting a mortgage lender, a vast majority of consumers say that a lender’s reputation for service is nearly as important a factor as interest rates and closing costs, according to a new study...
View ArticleRedlining, Servicing, Biz Lending among CFPB Fair Lending Priorities in 2017
The Consumer Financial Protection Bureau said today that it will prioritize redlining, mortgage and student loan servicing and small business lending in its fair lending enforcement activities this year.
View ArticleCFPB Releases Assessment Plan for Servicing Rule Review
The Consumer Financial Protection Bureau has released a plan to assess the effectiveness of its 2013 final rule governing mortgage servicing.
View ArticleABA Submits Recommendations for Housing Finance Reform
As part of the banking industry’s continuing response to President Trump’s executive order outlining “core principles” for financial regulation, ABA submitted two white papers to the Treasury...
View ArticleABA Posts FAQs on Successor-in-Interest Servicing Issues
To help bankers as they prepare to comply with the operationally complex “successor-in-interest” provisions of the Consumer Financial Protection Bureau’s servicing rule, ABA today released several...
View ArticleTreasury Department Issues Sweeping Regulatory Reform Recommendations
The Treasury Department tonight issued a 150-page report making dozens of recommendations for how Congress and regulatory agencies can streamline bank regulation in a way that promotes economic growth.
View ArticleCFPB Issues Policy Guidance on Compliance Dates for Servicing Rule Amendments
The Consumer Financial Protection Bureau today issued policy guidance stating that it does not intend to take supervisory or enforcement action for violations of existing Regulation X or Regulation Z...
View ArticleABA Calls for Holistic Review of Servicing Rule
ABA today called on the Consumer Financial Protection Bureau to take a holistic approach to its review of the 2013 servicing rule to understand its full effects on servicers and consumers.
View ArticleABA Urges Careful Consideration of Cost, Reg Burden in ATR Review
ABA yesterday urged the Consumer Financial Protection Bureau to carefully consider costs and burdens associated with its Ability-to-Repay/Qualified Mortgage rule as it conducts a required assessment of...
View ArticleConsumers Weigh Closing Costs, Customer Service When Choosing a Mortgage Lender
When selecting a mortgage lender, a vast majority of consumers say that a lender’s reputation for service is nearly as important a factor as interest rates and closing costs, according to a new study...
View ArticleRedlining, Servicing, Biz Lending among CFPB Fair Lending Priorities in 2017
The Consumer Financial Protection Bureau said today that it will prioritize redlining, mortgage and student loan servicing and small business lending in its fair lending enforcement activities this year.
View ArticleCFPB Releases Assessment Plan for Servicing Rule Review
The Consumer Financial Protection Bureau has released a plan to assess the effectiveness of its 2013 final rule governing mortgage servicing.
View ArticleABA Submits Recommendations for Housing Finance Reform
As part of the banking industry’s continuing response to President Trump’s executive order outlining “core principles” for financial regulation, ABA submitted two white papers to the Treasury...
View ArticleABA Posts FAQs on Successor-in-Interest Servicing Issues
To help bankers as they prepare to comply with the operationally complex “successor-in-interest” provisions of the Consumer Financial Protection Bureau’s servicing rule, ABA today released several...
View ArticleTreasury Department Issues Sweeping Regulatory Reform Recommendations
The Treasury Department tonight issued a 150-page report making dozens of recommendations for how Congress and regulatory agencies can streamline bank regulation in a way that promotes economic growth.
View ArticleCFPB Issues Policy Guidance on Compliance Dates for Servicing Rule Amendments
The Consumer Financial Protection Bureau today issued policy guidance stating that it does not intend to take supervisory or enforcement action for violations of existing Regulation X or Regulation Z...
View ArticleABA Calls for Holistic Review of Servicing Rule
ABA today called on the Consumer Financial Protection Bureau to take a holistic approach to its review of the 2013 servicing rule to understand its full effects on servicers and consumers.
View ArticleABA Urges Careful Consideration of Cost, Reg Burden in ATR Review
ABA yesterday urged the Consumer Financial Protection Bureau to carefully consider costs and burdens associated with its Ability-to-Repay/Qualified Mortgage rule as it conducts a required assessment of...
View ArticleCFPB Announces Technical Changes to Servicing Rule Amendments
The Consumer Financial Protection Bureau today issued an interim final rule to address certain challenges related to the 2016 servicing amendments.
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