Infobytes - A Weekly In-depth review of news & developments in the financial services industry - June 14, 2013

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In This Issue:

- FEDERAL ISSUES

- STATE ISSUES

- COURTS

- FIRM NEWS

- FIRM PUBLICATIONS

- MORTGAGES

- BANKING

- CONSUMER FINANCE

- SECURITIES

- PRIVACY/DATA SECURITY

- CRIMINAL ENFORCEMENT

- Excerpt from Mortgages:

CFPB Publishes Additional Mortgage Rule Compliance Guides, Launches Mortgage Rule Implementation Web Page.

On June 7, the CFPB published a loan originator rule compliance guide and a mortgage servicing rules compliance guide. As with other prior guides it has released,the CFPB cautioned that the guides are not substitutes for the rules and the Official Interpretations, and that the guides do not consider other federal or state laws that may apply to the origination or servicing of mortgage loans. On June 13, the CFPB announced a new web page that provides, in one location, the various compliance guides and other mortgage rule implementation materials prepared by the CFPB.

Please see full Infobytes below for more information.

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Topics:  Arbitration Agreements, Bribery, Broker-Dealer, CFPB, Class Action Arbitration Waivers, Cloud Computing, Cyber Threats, Data Protection, Fannie Mae, FDIC, FTC, Identity Theft, Interest Rates, Mortgages, NIST, OCC, Red Flags Rule, Reverse Mortgages, Waivers

Published In: Criminal Law Updates, Finance & Banking Updates, Privacy Updates, Residential Real Estate Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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