RSSCFPB outlines mortgage transfer process best practices
The Consumer Financial Protection Bureau issued guidance that mortgage servicers should use to facilitate compliance and prevent harm to consumers during the transfer of residential mortgages.
Category Archives: April 2020 Articles
CFPB raises HMDA data reporting threshold
The Consumer Financial Protection Bureau issued a final rule raising the loan-volume coverage thresholds for financial institutions reporting data under the Home Mortgage Reporting Act.
CFPB relaxes real estate appraisal requirements
The Consumer Financial Protection Bureau issued an interim final rule to temporarily defer real estate-related appraisals and evaluations under interagency appraisal regulations.
CFPB settles with short-term lender
The Consumer Financial Protection Bureau has settled with Cottonwood Financial, Ltd., over a number of consumer protection violations.
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