The Office of the Comptroller of the Currency (OCC) issued a $250 million civil penalty against Wells Fargo Bank, NA for flaws in the bank’s home loan loss mitigation program. In addition, the OCC issued a cease-and-desist...more
9/14/2021
/ Cease and Desist Orders ,
Consent Order ,
Credit Unions ,
Enforcement Actions ,
Financial Institutions ,
Fines ,
Internal Controls ,
Loss Mitigation ,
Mortgage Lenders ,
Mortgage Servicers ,
OCC ,
Regulatory Oversight ,
Wells Fargo
The Consumer Finance Protection Bureau (“CFPB”) issued a long-awaited proposed rule that could significantly impact credit union operations and their third-party loan operating system vendors.
The proposed rule, pursuant...more
As part of an effort to modernize and streamline certain submission practices for credit card issuers, the Consumer Finance Protection Bureau (“CFPB”) now mandates credit card issuers to submit certain reporting requirements...more
CFPB Reasserts Its Authority To Oversee/Supervise Lending to Military Personnel -
The Consumer Financial Protection Bureau (CFPB) issued an interpretive rule on June 16, 2021 supporting its determination that it has the...more
The nationwide eviction ban imposed by the Centers for Disease Control and Prevention (the “CDC”) was vacated following a sweeping ruling issued by the United States District Court for the District of Columbia earlier this...more
The nationwide eviction ban imposed by the Centers for Disease Control and Prevention (the “CDC”) was vacated following a sweeping ruling issued by the United States District Court for the District of Columbia earlier this...more
Barring any last-minute gubernatorial intervention, Virginia’s minimum wage will rise to $9.50 per hour on May 1, 2021. Employers, especially small businesses, should prepare now for the anticipated increase....more