How Can I Provide a Housing Counselor List to an Overseas Borrower?
…and other answers to your compliance questions in the November/December 2019 ABA Regulatory Policy and Compliance Inbox.
Browsing: RESPA
FDIC Flags Overdraft Issues in Consumer Compliance Supervisory Highlights
The FDIC today released its first edition of Consumer Compliance Supervisory Highlights, a new publication intended to provide institutions with information and observations related to the agency’s consumer compliance supervision activities.
CFPB Dismisses PHH Lawsuit
Consumer Financial Protection Bureau Acting Director Mick Mulvaney announced today that the bureau will drop its case against mortgage lender PHH Corp.
Appeals Court Upholds Constitutionality of CFPB
A federal appeals court today upheld the constitutionality of the Consumer Financial Protection Bureau’s leadership structure — a single powerful director who can be removed by the president only “for cause,” not at will — reversing a three-judge panel’s decision in 2016.
Courts Stay Strong on Statute of Limitations
The laws surrounding the federal statute of limitations have been well established for years. But recently, the SEC and CFPB have attempted to go back on years of legal jurisprudence and upend those laws.
ABA Compliance Center Inbox, May/June 2017
Do social media comments belong in the public CRA file… and more.
Full Circuit Court to Hear Appeal of CFPB Structure Case
The full D.C. Circuit Court of Appeals today agreed to hear the appeal in PHH Mortgage v. Consumer Financial Protection Bureau, a closely watched case over whether the CFPB’s leadership structure — a single powerful director who cannot be removed at will by the president — is constitutional.
Court Tightens Reins on CFPB Director’s Authority
The Consumer Financial Protection Bureau’s leadership structure — a single powerful director who cannot be removed at will by the president — is unconstitutional, according to a ruling by a panel of judges on the D.C. Circuit Court of Appeals today.
Looking Beyond the CFPB’s Constitutionality Question
While the constitutional issue of the CFPB’s structure will get the most notice in the headlines, the industry cannot afford to overlook these other issues at stake in the ongoing lawsuit between the bureau and PHH Corp.
CFPB Guidance Reiterates Changed Approach to RESPA Section 8
The Consumer Financial Protection Bureau issued a bulletin today describing its findings that Marketing Services Agreements are often used as a means to circumvent RESPA’s prohibitions on kickbacks and referral fees under the Real Estate Settlement Procedures Act’s Section 8 provisions.