SEC administrative adjudications found unconstitutional; NCRC settles with Movement Mortgage; CFPB and New York attorney general settle case against debt collectors.

A ruling that securitization issuers can face enforcement for the actions of their servicers has prompted concerns among industry participants.

A new academic report calls for the CFPB to require loan modifications on all types of consumer loans using an “ability to pay” standard.

Discover Bank has agreed to pay $35 million to settle student loan violations while Santander Consumer USA was fined $4.75 million for credit reporting miscues tied to auto loans.

The CFPB has brought eight enforcement actions, including six settlements and two lawsuits, in September alone. Four of the settlements resolve charges regarding sending deceptive mailers to veterans.

CFPB-Education Department MOU; CFPB’s associate director for research, markets and regulation resigns; Puerto Rico reporting requirements; debt collection event.

Nearly two dozen Democratic senators urged the CFPB to immediately open an enforcement investigation into a servicer’s management of a student loan forgiveness program.

Democratic senators have asked Ombudsman Robert Cameron how he plans to deal with potential conflicts of interest tied to his previous employer, a federal student loan servicer.

The House Financial Services Committee will continue to provide oversight of CFPB activity, according to the panel’s fall priorities.

Senators are seeking answers from Robert Cameron, the private education loan ombudsman, on how he plans to oversee student loan issues.