Archives For: CFPB
CFPB Prepared Remarks of Richard Cordray
On November 20, the Consumer Financial Protection Bureau published a news release containing the prepared remarks of Director Richard Cordray at The Clearing House.
25 Nov 2014
CFPB Proposes Expanded Foreclosure Protections
On November 20, The Consumer Financial Protection Bureau (CFPB) published a news release announcing proposed measures that would expand foreclosure protections for mortgage borrowers.
21 Nov 2014
GAO-15-146R: Financial Audit: Bureau of Consumer Financial Protection’s Fiscal Years 2014 and 2013 Financial Statements
On November 17, the U.S. Government Accountability Office (GAO) released GAO-15-146, a report subtitled Financial Audit: Bureau of Consumer Financial Protection’s Fiscal Years 2014 and 2013 Financial Statements.
21 Nov 2014
CFPB Fines Franklin Loan for Ripping Off Customers
On November 14, National Mortage News published an article discussing the $730,000 fining of Franklin Loan Corporation by the Consumer Financial Protection Agency for allegedly incentivizing loan officers to guide customers into mortgages with higher interest rates.
17 Nov 2014
Educating Employees in a Dynamic Industry by Safeguard Properties Director of Training John Gonos
In the October Issue of DS News, Safeguard’s director of training John Gonos discusses what mortgage field services companies must do to keep employees current with changing industry regulations and guidelines.
10 Oct 2014
VA Circular 26-14-25 Servicer Compliance with CFPB Requirements
On September 5, the Department of Veterans Affairs (VA) released Circular 26-14-25, subtitled Lender and Servicer Compliance with Consumer Financial Protection Bureau Requirements for Adjustable Rate Mortgages.
10 Sep 2014
CFPB Issues Bulletin to Prevent Runarounds in Mortgage Servicing Transfers
On August 19, the Consumer Financial Protection Bureau (CFPB) issued Bulletin 2014-01 titled Compliance Bulletin and Policy Guidance: Mortgage Servicing Transfers.
19 Aug 2014
Financial Trades Oppose Making Unvetted CFPB Complaints Public
On July 18, HousingWire published an article titled Financial Trades Oppose Making Unvetted CFPB Complaints Public.
23 Jul 2014
Fannie Mae SVC-2014-10 Unemployment Forbearance Updates
On June 4, Fannie Mae issued Servicing Guide Announcement SVC-2014-10, subtitled Updates to Fannie Mae Unemployment Forbearance.
6 Jun 2014
H.R. 4262 Would Force Full Transparency at CFPB
On March 19, HousingWire published an article titled Bill Would Force Full Transparency at CFPB.
20 Mar 2014