The OCC today updated its Comptroller’s Handbook guidance on complying with the Real Estate Settlement Procedures Act and Regulation X. The new booklet covers the transfer of rulemaking authority for Reg X to the Consumer Financial Protection Bureau, as well as new mortgage servicing requirements, new loss mitigation procedures, new prohibitions related to borrower assertions of error and new servicing-related exam procedures.
ABA urges passage of bills to overturn late fee rule, prohibit insurance data collection
ABA expressed support for three bills that appeared before the House Financial Services Committee during a markup hearing, including a...