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State Regulators Coordinate Enforcement Efforts

October 13, 2025
Shannon Clark
The Conference of State Bank Supervisors is working on building common standard examination programs for the states to use as federal enforcement activity diminishes.
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CFPB Could See Limited Impact From Shutdown

October 13, 2025
Shannon Clark
The government shutdown will likely primarily impact the bureau’s staffing levels, according to industry attorneys.
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RESPA Charges Move Forward in UWM Lawsuit

October 13, 2025
Shannon Clark
The wholesale lender was released from all RICO charges, but must still face certain RESPA allegations.
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California Enacts Mortgage Forbearance Act for Wildfire Relief

October 13, 2025
Shannon Clark
The emergency law provides borrowers impacted by the January wildfires up to 12 months of mortgage forbearance.
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District Court Allows FDCPA Class Action to Proceed

October 13, 2025
Shannon Clark
The survival of the complaint against Selene Finance could lead to copy-cat class-action proceedings against mortgage servicers.
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CFPB Finalizes Rule Extending Section 1071 Compliance

October 13, 2025
Shannon Clark
Compliance with the Section 1071 rule will now begin for the first set of financial entities on July 1, 2026.
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Other News in Brief

October 13, 2025
Shannon Clark
Appeals court upholds multi-million-dollar judgment against Libre by Nexus; states settle with mortgage company over illegal MLO conduct.
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Appeals Court Rules Against Bank in Preemption Case

September 29, 2025
Shannon Clark
The Supreme Court’s decision last year in Cantero v. Bank of America is trickling down to lawsuits in lower courts, including a decision in a case about interest on mortgage escrow accounts.
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Mortgage Compliance Dataset to Ease State Exam Burden

September 29, 2025
Shannon Clark
MISMO’s Mortgage Compliance Dataset will ease compliance processes for state regulators and mortgage lenders, according to mortgage industry experts.
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District Court Refuses to Dismiss DOJ Lawsuit Against Rocket

September 29, 2025
Shannon Clark
Rocket Mortgage claims it had no authority to correct the alleged discriminatory appraisal connected to a refinance application. The lender said it expects to be vindicated.
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