ArticleCFPB Announces Availability Of HMDA Filing Platform For 2020 DataHMDA data for 2020 must be submitted on or before March 1, 2021.United StatesFinance and BankingBallard Spahr LLP
ArticleCFPB Asks Public To Help Bolster Innovation In Mortgage MarketOn September 22, 2022, the Consumer Financial Protection Bureau issued a request for information (RFI) asking the public for ideas about how to improve consumer experiences refinancing...United StatesFinance and BankingCooley LLP
ArticleCFPB Charges Yet Another Mortgage Lender With Violations Of The Loan Originator Compensation RuleThe Consumer Financial Protection Bureau ordered a California mortgage lender to pay $730,000 for allegedly paying its loan originators compensation based on loan terms.United StatesFinance and BankingTroutman Pepper Locke LLP
ArticleCFPB, DOJ Propose $22 Million Penalty Against Nonbank Mortgage Lender For Illegal RedliningOn July 27, the CFPB and DOJ proposed a settlement with a nonbank mortgage lender for its discriminatory "redlining" lending practices against minority families living in the greater Philadelphia area.United StatesFinance and BankingSheppard
ArticleCFPB Enters Into Consent Orders With Reverse Mortgage Servicers For $16.5 MillionOn June 18, 2024, the Consumer Financial Protection Bureau (CFPB or Bureau) announced that it has entered into consent orders with two companies totaling $16.5 million...United StatesFinance and BankingGoodwin Procter LLP
ArticleCFPB Extends Comment Deadline For New Category Of Qualified Mortgages ProposalThe comment deadline was extended from September 28, 2020 to October 1, 2020.United StatesFinance and BankingHogan Lovells Cadwalader
ArticleCFPB Extends TRID Effective Date To October 1The Consumer Financial Protection Bureau ("CFPB") announced that it would provide mortgage lenders with additional time to prepare for the highly anticipated TILA-RESPA Integrated Disclosures ("TRID"). United StatesFinance and BankingFoley & Lardner LLP
ArticleCFPB Files $3.95M Proposed Order To Settle HMDA Lawsuit Against Florida-Based Mortgage CompanyOn June 18, the CFPB filed a proposed final judgment that would require a Florida-based nonbank mortgage originator and servicer to pay a $3.95 million civil money...United StatesFinance and BankingSheppard
ArticleCFPB Issues Summer 2020 Supervisory HighlightsOn June 29, the CFPB released its summer 2021 Supervisory Highlights. The findings of the report, which cover examinations that generally were completed between January 1, 2020 to December 31, 2020...United StatesFinance and BankingSheppard
ArticleCFPB Keeps Its Sights On Military Mortgage AdsThe CFPB has announced another enforcement action targeting alleged deceptive mortgage advertising to veterans.United StatesFinance and BankingMorrison Foerster
ArticleCFPB Provides Semi-Annual Report To CongressThe Consumer Financial Protection Bureau ("CFPB") provided its semi-annual report to Congress.United StatesFinance and BankingHogan Lovells Cadwalader
ArticleCFPB Reaches Settlement In Redlining Suit Against Nonbank Mortgage LenderOn November 1, the CFPB filed a proposed stipulated final order that would resolve the Bureau's pending lawsuit in the Northern District of Illinois against a nonbank mortgage lender...United StatesFinance and BankingSheppard
ArticleCFPB Releases Compliance Guide For Amended HMDA RuleLast week, the CFPB released a new compliance guide to accompany its October 15, 2015, final rule amending Regulation C, which implements the Home Mortgage Disclosure Act.United StatesFinance and BankingMorrison Foerster
ArticleCFPB Releases Spring 2025 Agenda Signaling Deregulatory ShiftOn September 4, the CFPB published its Spring 2025 Unified Agenda on the Office of Information and Regulatory Affair's website.United StatesFinance and BankingSheppard
ArticleCFPB Reopens Comment Period On Proposed Amendments To Servicing RulesOn April 21, 2016, the CFPB reopened the comment period on a narrow portion of its December 15, 2014 notice of proposed rulemaking (the "NPR"), which would amend the mortgage servicing rules in Regulation X and Regulation Z.United StatesFinance and BankingMorrison Foerster
ArticleCFPB Section 8 Enforcement ContinuesOn February 10, 2015, the Consumer Financial Protection Bureau added another company to its litany of alleged Real Estate Settlement and Procedures Act Section 8 offenders.United StatesFinance and BankingMorrison Foerster
ArticleCFPB Seeks Comment On Potential Revisions To HMDA Resubmission GuidelinesThe Consumer Financial Protection Bureau recently issued a "Request for Information Regarding Home Mortgage Disclosure Act Resubmission Guidelines." United StatesFinance and BankingTroutman Pepper Locke LLP
ArticleCFPB Sends Industry Letter On TRIDOn October 1, regulators including the CFPB sent a letter to mortgage industry trade groups regarding TRID.United StatesFinance and BankingMorrison Foerster
ArticleCFPB Shifts Supervision And Enforcement Priorities; Staff Reduction Stayed By CourtOn April 16, the CFPB released an internal memo outlining major shifts in its supervision and enforcement priorities, signaling a retreat from several areas of regulatory activity.United StatesFinance and BankingSheppard