RSSFay Servicing fined $5 million for mortgage violations
The Consumer Financial Protection Bureau fined nonbank mortgage servicer Fay Servicing $5 million for foreclosing on homeowners who are protected by housing protection laws.
Category Archives: August 2024 Articles
CFPB: Contract for deed deals covered under Truth in Lending Act
Contract for deed home purchase deals are covered under the Truth in Lending Act, according to a Consumer Financial Protection Bureau advisory opinion and research report.
CFPB warns against NDAs with illegal provisions
Financial institutions that impose nondisclosure agreements not allowing for communication with law enforcement can impede investigations and violate federal whistleblower protections, according to a recent Consumer Financial Protection Bureau circular.
CFPB: Paycheck advance products subject to Truth in Lending Act
Many paycheck advance products are consumer loans subject to the Truth in Lending Act, according to the Consumer Financial Protection Bureau.
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