While welcoming an interim final rule issued in October to provide clarification on servicing rules, ABA today asked the Consumer Financial Protection Bureau for additional clarification on certain issues related to communication with borrowers in foreclosure.
The Consumer Financial Protection Bureau today issued an interim final rule to address certain challenges related to the 2016 servicing amendments.
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 the final rule’s effectiveness.
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.
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 resulting from a servicer’s early compliance with the 2016 final servicing rule for a period of three days before the applicable effective dates.
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.
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 frequently asked questions addressed by CFPB officials on a recent conference call.
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 Department today with recommendations for reforming current mortgage lending rules and regulations and the government-sponsored enterprises Fannie Mae and Freddie Mac.
The Consumer Financial Protection Bureau has released a plan to assess the effectiveness of its 2013 final rule governing mortgage servicing.
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.