The CFPB is going after companies and individuals who are seeking to take advantage of distressed homeowners. Specifically, they’re targeting those who coerce or trick owners into paying up-front fees… Read More »
Colfax Capital Corporation, formerly known as Rome Finance, has long been one of the most egregious violators of ethical and legal standards in the financial services sector. A recent ruling… Read More »
As part of its mandate under the Dodd-Frank bill, the CFPB is tasked with increasing financial literacy among the nation’s citizens. Along with writing and enforcing legislation geared toward creating… Read More »
The State of California Bureau of Real Estate recently announced that it has updated its policies surrounding compliance laws. Specifically, it has instituted a “cite and fine” policy for minor… Read More »
The Consumer Finance Protection Bureau, formed in the wake of the financial meltdown of 2008, officially turned three years old this month. Since its creation, the CFPB has grown into… Read More »
Last month, the CFPB fined a title company $30k for improperly paying out referral fees to mortgage brokers. “Kickbacks drive up the costs of getting a mortgage and put law-abiding… Read More »
Losing a loved one is never easy. Neither is dealing with assets, or debts, they’ve left behind. If a parent dies, and they owe money on a home loan, what… Read More »
The Consumer Finance Protection Bureau recently levied a $500,000 fine against a real estate company for failing to comply with RESPA disclosure law. The bold move was meant to demonstrate… Read More »
The CFPB is looking to expand its ability to process complaints from individual consumers regarding financial institutions. It currently accepts complaints on many consumer financial products, including credit cards, mortgages,… Read More »
Last week the CFPB put on a webinar on the TILA-RESPA Integrated Disclosure rule. A recording of the webinar is now available. Check out the recording and the slides from… Read More »