Consumer Bankruptcy, Mortgages, Consumer Financial Protection Bureau (CFPB)

All Consuming - Financial Litigation Insights: Issue 5, September 2020

Spilman Thomas & Battle, PLLC on 9/18/2020

Three Important Ways the COVID-19 Pandemic is Changing the Delivery of Consumer Financial Services - The world continues to come to grips with the daily changes brought by the COVID-19 pandemic. Schools contemplate...more

COVID-19 WATCH LIST – Senators Warren and Brown Propose Pausing All Debt Payments

Spilman Thomas & Battle, PLLC on 5/6/2020

Sen. Elizabeth Warren (D-Mass.) and Sen. Sherrod Brown (D-Ohio) have released a proposal calling on Congress to provide additional protections for consumers during the COVID-19 pandemic. Their proposal notes that an...more

CFPB Issues Implementation Guidance for Mortgage Servicing Rule Amendments

Bradley Arant Boult Cummings LLP on 3/30/2018

On March 29, 2018, the Consumer Financial Protection Bureau (CFPB) released two important implementation tools that may help mortgage servicers ensure compliance with recent amendments to the mortgage servicing rules in...more

Changes for Servicing Mortgages for Consumers in Bankruptcy: Are You Prepared for Compliance?

Alston & Bird on 3/23/2018

New rules from the Consumer Financial Protection Bureau eliminate mortgage servicers’ blanket exemption for sending statements to debtors in bankruptcy. Our Bankruptcy & Financial Restructuring and Financial Services &...more

CFPB Issues Final Rule to Help Mortgage Servicers Communicate With Certain Borrowers Facing Bankruptcy

Orrick - Finance 20/20 on 3/21/2018

On March 8, 2018, the Consumer Financial Protection Bureau (“CFPB“) announced a final rule designed to aid mortgage servicers in assisting borrowers dealing with bankruptcy issues while complying with the Truth in Lending...more

CFPB finalizes amendments to timing requirements for bankruptcy periodic statements

Ballard Spahr LLP on 3/13/2018

The CFPB recently issued its final rule amending the timing requirements for transitioning between unmodified periodic statements and modified statements for consumers in bankruptcy. ...more

U.S. District Court for the Southern District of Florida Narrows the Definition of Borrower Under RESPA

Ballard Spahr LLP on 1/23/2018

In 2014, the Consumer Financial Protection Bureau (CFPB) promulgated a number of mortgage servicing rules, including rules governing loss mitigation procedures. ...more

CFPB Mortgage Servicing Rule Amendments Published in Federal Register

Ballard Spahr LLP on 10/21/2016

The CFPB Mortgage Servicing Rule Amendments were published in the Federal Register yesterday, starting the clock for the effective date of the amended provisions. Most of the provisions are effective on October 19, 2017. ...more

Helpful Cases for Mortgage Servicers Attempting to Comply with Mortgage Servicing Regulations After a Bankruptcy Discharge

BCLP on 8/16/2016

Mortgage lenders and servicers face several regulations in servicing residential mortgages. There are requirements under the Truth in Lending Act (“TILA”), Real Estate Settlement Procedures Act (“RESPA”), the Equal Credit...more

Orrick's Financial Industry Week in Review

Orrick, Herrington & Sutcliffe LLP on 8/15/2016

Agencies Issue Proposal on Method to Adjust Threshold for Exempting Small Loans from Special Appraisal Requirements - On July 22, 2016, the Consumer Financial Protection Bureau, the Federal Reserve Board and the Office...more

CFPB Amends Mortgage Servicing Rules

Baker Donelson on 8/12/2016

After years of requests for clarification, last week the CFPB finally issued an amendment to their mortgage servicing rules. As early as October 2013 the CFPB began to clarify said rules when they issued Bulletin 2013-12...more

CFPB Caps a Busy Week with Amendments to Mortgage Servicing Rules

Bradley Arant Boult Cummings LLP on 8/5/2016

Yesterday, the Consumer Financial Protection Bureau (CFPB) released the long-awaited amendments to the existing mortgage servicing rules in Regulations X and Z. For the next 12-18 months, Mortgage servicers will once again be...more

CFPB Issues Final Rule Amending Mortgage Servicing Regulations

Ballard Spahr LLP on 8/5/2016

The CFPB issued its final rule amending the mortgage servicing rules under Regulations X and Z. The proposal for these amendments was issued in November 2014. The amended provisions cover a wide range of topics, including...more

CFPB to Release Amendments to the Mortgage Servicing Rules; Bradley Webinar to Follow | Financial Services Perspectives

Bradley Arant Boult Cummings LLP on 7/22/2016

The CFPB’s amendments to the mortgage servicing rules in Regulations X and Z are officially slated for release this month and we anticipate that they will come out any day now. Mortgage servicers, many of whom may feel like...more

#Retweet the #CFPB: How Social Media is Affecting Consumer Advocacy

Baker Donelson on 9/28/2015

Social media has become an integral part of our society, and now it's playing a big role in our industry, too. The Consumer Financial Protection Bureau (CFPB) is harnessing the power of Facebook and Twitter not only to create...more

Financial Services Report, Summer 2015

Morrison & Foerster LLP on 6/9/2015

In This Issue: - Arbitration Report - Beltway Report - Bureau Report - Mobile & Emerging Payments Report - Mortgage & Fair Lending Report - Operations Report - Preemption Report -...more

CFPB Refines Mortgage Rules to Resolve Conflicts and Inconsistencies

Baker Donelson on 10/30/2013

On October 15, 2013, the Consumer Financial Protection Bureau (CFPB) issued an interim final rule and bulletin refining and making technical changes to certain provisions of its January 2013 mortgage rules. The interim rule...more

Consumer Bankruptcy › Mortgages › Consumer Financial Protection Bureau (CFPB)

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