Compliance with the Section 1071 rule will now begin for the first set of financial entities on July 1, 2026.

The Supreme Court’s decision last year in Cantero v. Bank of America is trickling down to lawsuits in lower courts, including a decision in a case about interest on mortgage escrow accounts.

MISMO’s Mortgage Compliance Dataset will ease compliance processes for state regulators and mortgage lenders, according to mortgage industry experts.

Many industry stakeholders are worried the proposal would create consumer protection gaps in the financial sector.

While some industry members are pushing the bureau to raise larger participant thresholds, others worry the reduced oversight will harm consumers.

Some guidance documents tied to the Real Estate Settlement Procedures Act were not among the dozens of guidance documents withdrawn by the CFPB earlier this year.

The CFPB’s potential rescission of the LO compensation rule won’t fully exempt mortgage companies from the rule’s requirements, according to an industry attorney.

Emigrant Mortgage has asked the high court to weigh in on three questions that divided a lower court.

The New York Department of Financial Services’ revised proposal doesn’t include any of the substantial changes sought by mortgage industry stakeholders.

Changes to the examination manual were made to align with an executive order from President Trump.