The Consumer Financial Protection Bureau (“CFPB”) has revised its previously issued rules on foreign remittance transfers to ease some of the disclosure concerns raised by financial institutions. The revised rules, which are...more
5/6/2013 - CFPB Disclosure Requirements Final Rules International Remittance Transfers Regulation E Remittance Transfer Rule
The Consumer Financial Protection Bureau (“CFPB”) has issued two final rules that impose significant new mortgage servicing requirements in connection with residential mortgages to consumers. The rules implement amendments...more
2/20/2013 - CFPB Delinquent Borrowers Dodd-Frank Force-Placed Insurance Interest Rates Loss Mitigation Mortgage Loan Servicing Standards RESPA Small Servicer Exemption TILA
The Consumer Financial Protection Bureau (“CFPB”) has issued a final rule implementing the “ability to repay” mortgage requirements of the Dodd-Frank Act. The rule requires creditors to make a reasonable, good faith...more
2/11/2013 - Ability-to-Repay CFPB Dodd-Frank Mortgages Prepayment Penalties Qualified Mortgage Rule
The Consumer Financial Protection Bureau (“CFPB”) has issued amendments to Regulation B requiring creditors to provide to applicants free copies of all appraisals and other written valuations developed in connection with an...more
1/30/2013 - Appraisal CFPB Liens Loans Mortgages Notice Requirements Regulation B Valuation
The Federal Financial Institutions Examination Council (the “FFIEC”) has proposed supervisory guidance addressing the applicability of federal consumer protection and compliance laws, regulations, and policies to activities...more
1/25/2013 - CFPB Compliance Due Diligence FFIEC Risk Management Social Media
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