The Consumer Financial Protection Bureau (CFPB) recently published two Factsheets, available below, outlining lender obligations under the Equal Credit Opportunity Act (ECOA) Valuations Rule.

On April 22nd, the Mortgage Industry Standards Maintenance Organization (MISMO) announced a certification program for remote online notarization (RON) providers, designed to increase adoption of RON-enabled digital mortgage closings.

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.

On Thursday, April 16, the CFPB announced an amendment to Regulation C raising the loan-volume coverage thresholds for financial institutions reporting data under the Home Mortgage Reporting Act (HMDA).

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...

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.

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.”

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.

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

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