News & Analysis as of

Consumer Financial Protection Bureau (CFPB) Zombie Title

Orrick, Herrington & Sutcliffe LLP

CFPB warns debt collectors on “zombie mortgages”

On April 26, the CFPB issued an advisory opinion affirming that the FDCPA and implementing Regulation F prohibit covered debt collectors from suing or threatening to sue to collect time-barred debt. As such, a debt collector...more

Baker Donelson

Walking Dead? Beware the Zombie Foreclosure

Baker Donelson on

The so-called "zombie foreclosure" is a new, big CFPB issue. A zombie foreclosure is a foreclosure that is started, then the borrowers either move out of the property before receiving or just after receiving notice....more

Ballard Spahr LLP

CFPB considering action on zombie foreclosures

Ballard Spahr LLP on

According to a Reuters report, a CFPB official, speaking at a Federal Reserve Bank of Cleveland conference last week, stated that the CFPB is beginning to take a close look at abandoned properties and “zombie” foreclosures....more

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