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On April 29, the Consumer Financial Protection Bureau and the Maryland Attorney General’s Office jointly filed a Complaint in the U.S. District Court for the District of Maryland accusing a title service company and several mortgage loan officers of participating in an illegal kickback scheme.

TRID and the TILA-RESPA Amendments were previously scheduled to take effect on August 1, 2015.

The CFPB's monthly complaint snapshot focused on the mortgage industry.

The CFPB's release of these three revised chapters over the last six weeks may indicate that it has started training its examiners on the TILA-RESPA Integrated Disclosure Rule.

On February 26, Judge Katherine B. Forrest of the U.S. District Court for the Southern District of New York denied U.S. Bank N.A.'s ("U.S. Bank") motion to dismiss claims for breach of contract...

Connecticut's Department of Banking has taken enforcement action against a lead-generation company for conducting mortgage lead-generation activities without proper state licensing, marking the second time the company has faced such allegations. The case highlights ongoing regulatory scrutiny of licensing compliance in the consumer financial services sector and the consequences of operating without required state authorizations.

Fannie Mae and Freddie Mac published a "LIBOR Transition Playbook" and provided an FAQ and additional online resources "to help stakeholders transition business policies and processes to support products ...

On February 13, 2015, the US Federal Deposit Insurance Corporation announced the release of the third technical assistance video developed to assist bank employees in meeting regulatory requirements.

The Federal Reserve Board ("FRB") proposed amendments to provisions of Regulation H and Regulation K that incorporate the Secure and Fair Enforcement for Mortgage Licensing Act ("SAFE Act").

On 7 July 2014, the Federal Reserve Board published a report regarding the Independent Foreclosure Review and the Payment Agreement.

FINRA announced the effective dates of recently approved rule changes amending FINRA Rule 4210 to establish margin requirements for "to-be-announced" ("TBA") transactions...

The Federal Reserve Board ("FRB") solicited comment on proposed amendments to provisions of Regulation H and Regulation K that incorporate the Secure and Fair Enforcement for Mortgage Licensing Act ("SAFE Act").

On September 21, 2011, the IRS announced (in Announcement 2011-64) a new program that will allow employers to resolve their worker classification problems at a relatively low cost.

On April 12, 2016, Justice Marcy Friedman of the New York Supreme Court granted motions to dismiss in two RMBS breach of contract actions filed by FHFA against Morgan Stanley ABS Capital I Inc...

On March 31, 2018 the United States crossed a milestone. As of that date, Americans' student loan debt topped $1.5 trillion, exceeding the share of consumer debt held by auto loans ($1.1 trillion) ...

Moody’s Investors Service and Fitch Ratings recently downgraded the City of Los Angeles’s general obligation debt to Aa3 and A+, respectively.

On March 11, Massachusetts Attorney General Andrea Joy Campbell announced a consent order with a real estate-related lender’s subsidiary...