Second Circuit Revives FDCPA Class Action

The Second Circuit declared that the Court's ruling is the first to address the scope of the FDCPA’s “in connection ...

CFPB Issues Guidance on Canceling Private Mortgage Insurance

August 4, 2015

The Consumer Financial Protection Bureau today issued a bulletin outlining the obligations of servicers in handling private mortgage insurance under ...

J.D. Power: Large Bank Servicers Score Higher Ratings than Nonbanks

Mortgage

July 30, 2015

Large bank mortgage servicers overall notched higher customer satisfaction ratings than large nonbank servicers, according to the 2015 J.D. Power ...

Four Tips for Threading the Fair Lending Needle

Compliance and Risk

July 27, 2015

Fair lending today calls for robust compliance management systems that track all products, customer interactions, and variations in pricing or ...

OCC Newsletter Focuses on Reducing Foreclosures

Community Banking

July 21, 2015

The OCC’s Community Developments Investments newsletter published today focuses on how banks can provide sustainable loan modifications and help reduce ...

House Passes Two ABA-Backed Reg Relief Bills

Mortgage

July 14, 2015

The full House today passed two ABA-supported bills by voice votes. The bipartisan bills would equalize the SEC registration and ...

House to Vote on Three ABA-Backed Bills This Week

Newsbytes

July 13, 2015

Servicing Rule Compliance Lapses Are Focus of CFPB Report

Compliance and Risk

June 23, 2015

The Consumer Financial Protection Bureau yesterday issued a “Supervisory Highlights” report that outlined several areas of concern its examiners have ...

Senate Democrats Seek Investigation of REO Maintenance Disparities

Mortgage

June 23, 2015

Fifteen Democratic senators today asked the federal financial regulators to look into allegations that financial institutions and the housing GSEs ...