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Mortgage Loan Servicing Standards Enforcement Actions

Financial Regulatory Developments Focus - November 2014 #4

by Shearman & Sterling LLP on

In this issue: - Bank Prudential Regulation & Regulatory Capital - Bank Structure - Compensation - Consumer Protection - Derivatives - Enforcement - Financial Market...more

CFPB Issues First Enforcement Action for Servicing Rules Violations

by Ballard Spahr LLP on

The Consumer Financial Protection Bureau recently announced a consent order with Flagstar Bank, F.S.B., alleging unfair acts and practices under the Consumer Financial Protection Act (CFPA) and violations of the CFPB's...more

CFPB supervisory report highlights exam report changes, non-public supervisory actions and mortgage servicing deficiencies

by Ballard Spahr LLP on

Last month, the CFPB began using new templates for its examination reports and supervisory letters (collectively, “reports’). The template changes were announced in the CFPB’s Winter 2013 Supervisory Report, which highlights...more

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