News & Analysis as of

Truth in Lending Act (TILA) Loan Originator Compensation Rule

Ballard Spahr LLP

CFPB Revises Loan Originator Rule and HOEPA Rule Guides

Ballard Spahr LLP on

The Consumer Financial Protection Bureau (CFPB) recently issued revised versions of the small entity compliance guides for the Loan Originator Rule and the Home Ownership and Equity Protection Act (HOEPA) Rule....more

Locke Lord LLP

Top 10 Financial Institution Considerations for 2016: #7 – Loan Originator Compensation

Locke Lord LLP on

In our initial article announcing our top 10 considerations for financial institutions in 2016, our seventh consideration was loan originator compensation. This is just one of a few areas the CFPB has specifically identified...more

Ballard Spahr LLP

Company that entered into CFPB consent order loses motion to dismiss class action

Ballard Spahr LLP on

A California federal judge has rejected the attempt of Castle & Cooke Mortgage, LLC, the mortgage company that entered into a consent order with the CFPB in November 2013 to settle charges that it violated the Regulation Z...more

Sheppard Mullin Richter & Hampton LLP

CFPB Amends Ability-To-Repay/Qualified Mortgage Regulations To Exclude Creditor's Payment Of Compensation To Loan Originator...

On May 29, 2013, the Consumer Financial Protection Bureau (CFPB) issued a final rule amending its Ability to Repay/Qualified Mortgage (ATR/QM) rule, originally issued on January 10, 2013....more

Bradley Arant Boult Cummings LLP

CFPB Releases Plain Language Video Guides for New Mortgage Rules

In January 2013, the Consumer Financial Protection Bureau (CFPB) issued a series of new rules affecting the mortgage industry. These rules touch upon a wide variety of areas, including originations, appraisals, and servicing....more

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