According to the CFPB, ACI’s data handling practices negatively impacted nearly 500,000 homeowners with mortgages serviced by Mr. Cooper. The post CFPB Enacts $25M Penalty Against ACI Worldwide for Servicing Errors appeared first on Weekly […]
The Consumer Financial Protection Bureau (CFPB) will look for ways to streamline and simplify mortgage servicing rules in the months ahead following public comment on how to reduce risks for borrowers having trouble with their […]
The Consumer Financial Protection Bureau (CFPB) on Wednesday announced that it has ordered mortgage lender and servicer OneMain Financial to pay $20 million in redress and penalties stemming from sales practices the Bureau has called […]
As the debt ceiling battle continues between the Republican-controlled House of Representatives and President Joe Biden’s White House, the director of the Consumer Financial Protection Bureau (CFPB) is sounding the alarm over the potential consequences […]
The Consumer Financial Protection Bureau (CFPB) filed a brief this week with the U.S. Supreme Court contending that its funding source does not violate the appropriations clause of the U.S. Constitution, despite a recent Fifth […]
CFPB Director Rohit Chopra said the new rules “would require sensible safeguards on these clean energy loans.” The post CFPB Seeks New Protections for PACE Loan Borrowers appeared first on Weekly Real Estate News.
The Consumer Financial Protection Bureau (CFPB) announced on Monday a proposed rule that seeks to bolster consumer protections for borrowers seeking Property Assessed Clean Energy (PACE) financing for home renovations. These loans, which are often […]
The Community Home Lenders of America (CHLA) submitted a letter to the Consumer Financial Protection Bureau (CFPB) in support of changes to the loan originator compensation rule, telling CFPB Director Rohit Chopra that the current […]
The Consumer Financial Protection Bureau (CFPB) issued guidance this week for debt collectors seeking to foreclose on homes with mortgages past the statute of limitations, also known as “zombie mortgages.” The guidance comes in the […]
Representatives of federal enforcement and regulatory agencies, including the Consumer Financial Protection Bureau (CFPB), Department of Justice (DOJ), Federal Trade Commission (FTC) and the Equal Employment Opportunity Commission (EEOC) are warning that the emergence of […]
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