The Consumer Financial Protection Bureau (CFPB) on Thursday issued a final rule to simplify statement requirements for mortgage servicers working with borrowers in bankruptcy. The revisions, which change provisions in the bureau’s 2016 rule for […]
Penalties of $35 million were assessed against five big banking organizations for mortgage servicing deficiencies, the Federal Reserve said Friday, while at the same time the central bank terminated enforcement actions against those institutions and […]
Restitution of approximately $2.8 million was ordered to be paid by a Kansas bank for deceptive residential mortgage practices, the Federal Reserve said Tuesday. The restitution order, levied against Peoples Bank of Lawrence, Kansas, the […]
Mortgage Servicing Rules Under the Truth in Lending Act (Regulation Z) Federal Register summary: The Bureau of Consumer Financial Protection (Bureau) is proposing amendments to certain Regulation Z mortgage servicing rules issued in 2016 relating […]
“Giving the runaround” to homeowners seeking options to save their homes is cited as the impetus behind a $28.8 million order by the CFPB to two mortgage servicing subsidiaries of one of the nation’s largest […]
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