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On June 4, the CFPB issued a circular targeting the deceptive use of fine print in consumer financial contracts to include unlawful or unenforceable terms.

On August 21, the CFPB entered into a consent order with a nonbank mortgage servicer for mortgage servicing violations and for violating an earlier 2017 CFPB consent order for deficient foreclosure practices.

On March 26, the CFPB filed a motion to vacate its recent settlement against an Illinois-based mortgage lender accused of engaging in discriminatory marketing practices in violation of the Equal Credit Opportunity Act...

On May 30, the CFPB announced that it was probing mortgage closing costs as part of its continued focus on so-called junk fees.

The CFPB proposed amendments to Truth in Lending regulations ("Regulation Z") that address issues concerning the discontinuation of LIBOR.

We previously reported on the remarks made by Consumer Financial Protection Bureau Director Richard Cordray on May 12 that the CFPB would not voluntarily change the August 1 effective date...

In two publications, the CFPB reported findings from analyses of pandemic-related mortgage forbearance and delinquencies and from consumer complaints.

On June 18, 2024, the Consumer Financial Protection Bureau (CFPB) announced that it has filed a proposed order that would require a Florida-based nonbank mortgage loan originator to pay a $3.95 million...

The CFPB charged a mortgage lender with using exaggerated and misleading home estimates to encourage customers to take out reverse mortgages.

A clearing firm settled charges for violating a number of capital, custody and recordkeeping requirements.

Commercial Mortgage Alert ranked Cadwalader as the number-one law firm for advising both issuers and underwriters on commercial mortgage-backed securities.

On October 30, the California DFPI entered a consent order with a residential mortgage lender and servicer following a regulatory examination and a directed self-audit.

On July 21, 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Act").

On November 24, 2023, the IRS released PLR 202347001, ruling that certificates issued from an "exchange trust" qualify as stripped bonds...

On June 16, the Financial Accounting Standards Board (FASB) issued a final accounting rule that provides for different financial reporting of loan losses.

The last publication of USD LIBOR on the basis of panel bank submissions occurred on June 30, 2023.

Responding to pressure from industry groups and members of Congress, the Federal Housing Finance Agency (FHFA) announced on April 21, 2020...

A financial group agreed to pay a total of $10.5 million to settle separate SEC enforcement actions against two affiliated entities for (i) supervisory ...