Ninth Circuit refuses to rehear Seila Law case; new TRID rule guidance; U.S. Bank faces scrutiny; Wells Fargo monthly fees on CFPB radar; landlords get notices; agencies extend comment period deadline for AI; debt-settlement firm settles charges; new hire at California’s DFPI.

Lawmakers are trying to push the CFPB to reconsider the delay in the mandatory compliance date of the general qualified mortgage rule, urging the bureau instead to commit to a longer-term approach to monitoring the broader implications of lending under the rule.

Legal experts believe the CFPB’s findings are “warning shots” to servicers. That means the bureau is investigating how servicers are treating borrowers and will initiate enforcement actions if it finds issues.

Wells Fargo, the nation’s largest servicer that until recently ranked on the top of the complaint list, dropped to third position in the first quarter of 2021.

The New Jersey-based lender will pay $140,000 to settle CFPB charges that it misinformed consumers about the costs and risks involved with reverse mortgages. It marks the first significant regulatory action against a reverse mortgage firm under the Biden administration. More to come?

It looks like the CFPB is willing to question long-standing ways of doing business that have withstood prior legal scrutiny, according to an attorney tracking the bureau’s enforcement activity.

HMDA data submission due date; CFPB appeals Ocwen win in servicing misconduct case; new requirements for Minnesota reverse mortgage servicers; Tech Sprint presentations.

The bureau issued an interim final rule to ensure tenants are provided with written notice of their rights under the Centers for Disease Control and Prevention eviction moratorium.

Industry attorneys recently discussed best practices in a post-pandemic world. One warning of note: The CFPB wants to make an example of bad actors, compliance experts warned at MBA’s recent conference.

The settlement resolves charges that the online debt settlement company steered consumers into high-cost loans from affiliated lenders and failed to disclose its relationship with those companies.