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Inside the CFPB
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Public Input on Remittance Rule Requested. Exemptions an Issue?

May 3, 2019
Yemeng Yang

The CFPB is seeking public input on possible changes to the remittance rule, such as raising the exemption threshold.


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TRID Guidance on Mortgage Assumptions

May 3, 2019
Yemeng Yang

The CFPB has issued guidance in the form of a fact sheet on the applicability of the integrated mortgage disclosure rule to mortgage loan assumptions.


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New York Creates CFPB-like Division; New Policies to Follow

May 2, 2019
Yemeng Yang

The New York Department of Financial Services has created a regulator akin to the CFPB, stepping up statewide consumer financial protection.


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Proposal to Raise HMDA Reporting Thresholds

May 2, 2019
Yemeng Yang

The CFPB late last week proposed to exempt more lenders from collecting and reporting loan-level data under the Home Mortgage Disclosure Act.


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RESPA Kickback Class Actions Survive Time Bar

April 30, 2019
Yemeng Yang

Lenders, including Bank of America, face revived class action status over kickback schemes with a title company.


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Zillow Co-Marketing Program Violates RESPA?

April 29, 2019
Yemeng Yang

Reversing its earlier ruling in favor of Zillow, a federal court is now suggesting that the real estate database firm's co-marketing program may be in violation of the Real Estate Settlement Procedures Act.


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CFPB to Give More Intel to Firms Under Investigation

April 26, 2019
Yemeng Yang

The bureau will ensure its civil investigative demands now include information about potential violations and applicable laws.


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OMB Expands Oversight of CFPB Rules

April 22, 2019
Yemeng Yang

A new memo from the Office of Management and Budget increases oversight of the CFPB's regulatory activity.


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Ohio Case the First to Cite the ATR Rule

April 22, 2019
Yemeng Yang

A new first: A court decision on claims brought against mortgage lenders under the ability-to-repay rule provides insights on the underwriting process.


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Brookings Warns of Hidden Discrimination in Algorithms

April 22, 2019
Yemeng Yang

The adoption of new technologies will pose challenges for originators to comply with fair lending rules and for regulators to detect hidden discrimination.


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