Tag : Industry Insight

CFPB Issues Request for Information to Assist Consumer Financial Protection Law Taskforce

Several months ago, we reported on the CFPB’s establishment of a taskforce that would make recommendations on how to harmonize, modernize and update federal consumer financial laws.

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Capitalize on Increased Demand for HELOCs with Asurity’s Custom Loan Packages

With home values increasing and interest rates nearing all-time lows, lenders can expect to see a growing demand for HELOC programs as homeowners seek to capitalize on the equity they have in their homes.

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Fannie Mae and Freddie Mac Address Transition from LIBOR to SOFR

The Federal Housing Finance Agency announced the process by which Fannie Mae and Freddie Mac (GSEs) plan to transition from the use of LIBOR (London Interbank Offered Rate) to SOFR (Secured Overnight Financing Rate) as the standard index rate for...

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Mortgage Broker and FTC Settle Over Yelp Reviews

On January 7th, the FTC, acting in a complaint filed by the Department of Justice, alleged that a California mortgage broker violated federal law by posting its borrowers’ personal financial information on Yelp.

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Fair Lending Lull Not a Cause for Complacency

Federal regulators have demonstrably slacked off enforcement of fair lending compliance in recent years.

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CFPB Publishes 2020 Rulemaking Agenda

On November 22, the CFPB released its list of regulatory matters that it “reasonably anticipates having under consideration during the period from October 1, 2019 to September 30, 2020.”

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CFPB Requests Public Comment on The Assessment of TRID

On November 20th, 2019, the CFPB announced its intent to publish an assessment report – no later than October 3, 2020 – on the effectiveness of the TRID Rule, which has been in effect since October 3, 2015.

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CFPB Announces Federal Consumer Financial Law Task Force

On October 11, the CFPB announced a new task force to harmonize and modernize federal consumer financial laws.

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CFPB Announces Enhancements to Consumer Complaint Database

On September 18th, the CFPB announced changes to its public consumer complaint database.

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CFPB Releases Qualified Mortgage ANPR

On July 25th, the CFPB issued an Advance Notice of Proposed Rulemaking (ANPR) requesting input on the so-called ‘GSE Patch.’

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