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CFPB Seeks Comments on Access to Consumer Data

October 26, 2020
Yemeng Yang
The CFPB is asking stakeholders about the possible scope of data that consumers should be allowed to share via authorized third parties, and how much data should be considered “protected” subject to security and privacy concerns.
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Sen. Brown Raises Concerns over Improper Foreclosures

October 26, 2020
Yemeng Yang
With the initial 180-day forbearance plans coming to an end, Sen. Sherrod Brown, D-OH, is urging the CFPB to ensure borrowers are not victims of improper foreclosure practices.
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Other News in Brief

October 26, 2020
Yemeng Yang
Townstone Financial seeks to dismiss redlining lawsuit; CFPB settles with debt collectors and auto lenders; the bureau will hold a virtual town hall to discuss managing and protecting finances during difficult times.
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Uniformity and Collaboration Key to RON’s Success

October 23, 2020
Yemeng Yang
The coronavirus pandemic has sped the adoption of remote online notarizations, but uniformity and collaboration are critical for sustainability.
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Moody’s: Relief Plans Credit Negative for Student Loan ABS

October 22, 2020
Yemeng Yang
Growing student debt has exposed ABS backed by such loans to elevated risks, increasing the possibility the notes will not pay off by their final maturities.
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CFPB Extends QM Patch Beyond Early Next Year

October 22, 2020
Yemeng Yang
The qualified-mortgage patch will stay in place until the “mandatory compliance date” for the new general QM definition, which the bureau is still working to finalize.
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HUD OIG Says Carson Didn’t Use Agency to Help Son

October 16, 2020
Maria Volkova
According to HUD’s internal watchdog, Benjamin Carson Jr.’s emails and business records show that he did not secure a direct financial benefit in his involvement with a HUD listening tour.
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Servicers’ Forbearance Information Still Misleading

October 16, 2020
Maria Volkova
Most servicers have updated relief-related information on their websites since HUD OIG’s April report. However, problems still persist.
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Performance Indicators for CMBS Mixed in September

October 15, 2020
Yemeng Yang
The delinquency rate for commercial MBS continued to improve in September, but the “special servicing” rate surged to a seven-year high, signaling that economic fallout from the pandemic is still festering.
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Ocwen Resolves Florida Case Tied to Servicing Abuses

October 15, 2020
Yemeng Yang

Ocwen, which has a checkered past when it comes to servicing-related allegations, entered into the consent order without admitting liability.


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