The bureau has filed an amicus brief in support of a HELOC borrower’s claim that the Truth in Lending Act’s arbitration restriction applies not only to the mortgage documents but related agreements as well.

The CSBS is looking to create national licensing requirements for money service businesses.

The company and its CEO agreed to refund about $1 million in deposits to harmed consumers and pay $100,000 in civil penalties.

Some 42% of MH-purchase loans represent “chattel” financing, where the loan is secured by the structure, not the underlying land.

The bureau to lose two of its top executives; new FAQs on escrow accounts; Texas amends provisions for wrap mortgages; Washington amends Foreclosure Fairness Act; New York extends emergency moratorium on evictions and foreclosures.

In a joint comment letter, the Mortgage Bankers Association and the National Mortgage Servicing Association said they support the proposed rule’s objectives but many of the CFPB provisions require “several critical improvements.”

A repeal of the rule under the Congressional Review Act would be a largely symbolic gesture, with the risks for marketplace lenders remaining unchanged, according to attorneys tracking the issue.

The Comprehensive Debt Collection Improvement Act would amend several consumer finance statutes in order to enhance protections for consumers, students, servicemembers and small businesses.

Mortgages are on the servicemember complaint list but rank lower on the gripe scale than other products.

States are becoming more aggressive in creating new requirements for mortgage licensing and in their interpretation of licensing statutes.