The CSBS didn’t include data standards and servicing transfer requirements in its final rule for nonbank servicers, noting appropriate regulations from the bureau.

The Colorado Nonbank Mortgage Services Act goes into effect on Jan. 1 and aims to protect consumers through additional regulation.

But what should be next on the CFPB’s agenda? Regulation of the cryptocurrency market, the bureau architect says. 

The bill would ensure that all consumers — not just veterans — are protected by the Military Lending Act’s cap on interest rates.

Kraninger joins crypto-monitoring firm, Brown asks bureau to look into complaints, Connecticut tweaks licensing provisions.

A settlement in a similar class action involving PHH/Ocwen was opposed by a group of state attorneys general, but a new agreement is pending.

Mortgage industry participants have a ho-hum reaction to expiration of the GSE patch for QMs. One compliance officer says the industry will do just fine without it.

The CFPB should allow lenders to adopt approaches using artificial intelligence in ways that expand credit access and limit fair lending risk, the MBA said.

The bureau issued a final rule that nearly all residential servicers must adhere to when dealing with principal residences where borrowers are struggling with the financial impact of COVID-19.

CFPB Acting Director Dave Uejio’s nomination to HUD suggests the Biden administration believes it has enough votes to get Rohit Chopra’s CFPB nomination approved.