Republicans introduce CFPB commission bill; small-entity compliance guide updated; NYDFS to collect and publish diversity data; Sen. Pat Toomey seeks staffing details from Leandra English; New Mexico Supreme Court adopts new rules to prevent foreclosures; borrower satisfaction with servicers up.
Mortgage complaints were down in almost every category for the second quarter of 2021, according to an Inside the CFPB analysis of the numbers. (Includes two data charts.)
The bureau's debt collection rules will become effective on Nov. 30 as originally planned while the CFPB also indicated that mortgage loan debt collectors could receive guidance later this year.
The CSBS didn’t include data standards and servicing transfer requirements in its final rule for nonbank servicers, noting appropriate regulations from the bureau.