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.
National banks are being accused of violating state laws requiring interest payments on escrow accounts and, so far, courts are rejecting their arguments based on federal preemption.
State regulators are open to the idea of eliminating branch licensing requirements given the changing face of technology. But then a lack of licensing revenue could hurt state budgets.
The bureau intends to fully exercise its supervisory and enforcement authority now that many financial institutions have developed more robust remote capabilities and demonstrated improved operations.