On September 5, 2017, the CFPB entered into a consent order with Zero Parallel, LLC (“Zero Parallel”), an online lead aggregator based in Glendale, California. At the same time, it submitted a proposed order in the U.S....more
On October 1, 2017, the Minnesota Department of Commerce will start accepting new applications and transition fillings on NMLS for the following licenses...more
Starting in Q3 2017 (July 1, 2017 to September 20, 2017), the Michigan Department of Insurance and Financial Services is requiring Money Transmitter licensees...more
On September 1, 2017, the Louisiana Office of Financial Institutions will start accepting new applications and transition fillings on NMLS...more
On August 10, 2017, the District of Columbia Department of Insurance, Securities and Banking started accepting applications and transition fillings for the Student Loan Servicer License and Student Loan Servicer Branch...more
Connecticut has revised several provisions involving secured and unsecured lending laws, including, but not limited to, the following...more
NMLS Release 2017.2.1 -
The NMLS Release 2017.2.1 has been targeted for July 24, 2017. ...more
Arizona Adds Consumer Finance and Debt-Related Licenses to NMLS -
On July 1, the Arizona Department of Financial Institutions will start receiving new applications for the following licenses on NMLS...more
Colorado Revises MLO Exemption -
Colorado has revised an exemption from mortgage loan originator licensure. More specifically, an individual who acts as a mortgage loan originator, without compensation or gain to the...more
NMLS Release 2017.2 will include the following updates, including, but not limited to, the following:
- Addition of the “Returned to Surety by Regulator” functionality
- Updates to the MSB Call Report
-...more
Georgia revised provisions under the Residential Mortgage Act, including, but not limited to, the following:
An applicant for a mortgage lender license must provide a bond of $250,000, previously $150,000. This will...more