That summarizes the mortgage industry’s consensus response to the new “Rate Checker” tool the Consumer Financial Protection Bureau (CFPB) announced recently as part of an “Owning a Home Toolkit” designed… Read More »
December 17, 2014: CFPB sued a Texas-based company, Union Workers Credit Services, for deceiving consumers into paying fees to sign up for sham credit cards. The Bureau alleged that the… Read More »
November 13, 2014: CFPB ordered a California mortgage lender, Franklin Loan Corporation to pay $730,000 in compensation to affected consumers who were purportedly steered towards higher interest loans by 32… Read More »
October 9, 2014: CFPB took action against M&T Bank for allegedly deceptive advertising of free checking accounts. The CFPB found that M&T supposedly lured in consumers with promises of “no… Read More »
September 30, 2014: CFPB ordered a Michigan title insurance agency, Lighthouse Title, to pay a civil penalty of $200,000 for what they (‘The Bureau’) believed were illegal quid pro quo… Read More »
To: Settlement Agents Bank of America continues to prepare for the Consumer Financial Protection Bureau’s (CFPB) Integrated Mortgage Disclosures rule under the Real Estate Settlement Procedures Act (Regulation X) and… Read More »
Proposal Would Provide Surviving Family Members and Other Homeowners with Same Protections as Original Borrower WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) proposed additional measures to ensure… Read More »
The CFPB is proposing changes to the TILA-RESPA Integrated Disclosure Rule issued last year. Commonly referred to as the “Know Before You Owe Rule,” it clarified the disclosure process so… Read More »
The CFPB is proposing changes to the TILA-RESPA Integrated Disclosure Rule issued last year. Commonly referred to as the “Know Before You Owe Rule,” it clarified the disclosure process so… Read More »