Rep. Maxine Waters. D-CA, wants federal regulators, including the CFPB, to conduct “robust supervision and enforcement” of mortgage servicers to protect homeowners from unnecessary foreclosures.

The rule will help lenders in determining whether to treat June 19, 2021, as a federal holiday or a business day for purposes of compliance with certain time-sensitive borrower protections.

The Mortgage Bankers Association said the Community Reinvestment Act is an ineffective and misguided policy choice with respect to nonbanks.

The improvement came even as originations of residential loans by nonbanks doubled between 2019 and 2020, the California regulator said.

Dave Uejio’s actions as CFPB acting director came under fire from GOP Sen. Pat Toomey during Uejio’s nomination hearing for a job at the Department of Housing and Urban Development.

A Kansas district court asks Integrity Advance and its CEO James Carnes to pay more than $50 million in restitution and fees while the case is still on appeal in the 10th Circuit.

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.

A federal appeals court threw out a hefty judgment in a case that could have implications for the bureau’s authority to assess restitution.

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.