The Consumer Financial Protection Bureau (CFPB) has taken multiple actions against mortgage servicers and lenders. The CFPB has filed a $3.95 million proposed order to settle a Home Mortgage Disclosure Act (HMDA) lawsuit against a Florida-based mortgage company. Additionally, the CFPB is cracking down on mortgage servicers for harmful practices against older homeowners. The bureau is also taking action against owners of a small dollar lender for hiding money to avoid penalties. Furthermore, the CFPB has issued a final rule requiring certain nonbanks to report final public orders and submit annual compliance reports. The Payday Lending Rule is slated to take effect, 7 years later.
#CFPB Cracks Down on #Mortgage Servicers, Alleging Harmful Practices Against Older #Homeowners https://t.co/KBjAaMOW6V @NatMortgageNews https://t.co/swN8T1lcLU
#CFPB Files $3.95M Proposed Order to Settle HMDA #Lawsuit Against #Florida-Based #Mortgage Company https://t.co/dNjsuzDsLk @FinancialCmte https://t.co/yKgCr1ghhZ
This piece took a lot of research. It's an analysis of how the FICO monopoly and the credit bureau cartel actually work, and why they are driving mortgage bankers out of business. CFPB Director Rohit Chopra and Senator Josh Hawley make appearances. https://t.co/dDZLUR8vna
#CFPB Takes Action Against Owners of Small Dollar Lender for Hiding Money to Avoid Penalties https://t.co/JchK8l82Mi #lenders #finance @chrisgeidner https://t.co/EkVn4GgTRE
#CFPB Issues Final Rule Requiring Certain Nonbanks to Report Final Public Orders and Submit Annual #Compliance Reports https://t.co/ZN090dz74L #finance @MacLeodBill https://t.co/JRrGoLeItz
#Payday Lending Rule Slated to Take Effect, 7 Years Later https://t.co/fuz2zdSQc3 #finance #CFPB @SheppardMullin https://t.co/qXjyU2Ve9l
#CFPB Takes Action Against Owners of Small Dollar Lender for Hiding Money to Avoid Penalties https://t.co/JchK8l82Mi #lenders #finance @SheppardMullin https://t.co/b6SWpWLB0B
#CFPB Cracks Down on #Mortgage Servicers, Alleging Harmful Practices Against Older #Homeowners https://t.co/KBjAaMOW6V @SheppardMullin https://t.co/1SnZHhwDWA
#CFPB Files $3.95M Proposed Order to Settle HMDA #Lawsuit Against #Florida-Based #Mortgage Company https://t.co/dNjsuzDsLk @SheppardMullin https://t.co/ZYIbbt4I8d
"Statement of Director Sandra L. Thompson on the Conditional Approval of the Freddie Mac Second Mortgage Proposal" @FHFA | Sandra is busy on a Friday.... @amacker
FHA Seeks Comment on Third Party Originator Fraud With Short Comment Timeframe https://t.co/p0TUXSlAtX | by @ballardspahrllp