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Home » Topics » Inside the CFPB » State Regulation

State Regulation
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CSBS Outlines Steps to Prevent Repeat of License Renewal Mess

March 14, 2022
Sam Manas
The Conference of State Bank Supervisors is optimistic it will avoid a repeat of the technical glitches that plagued the annual NMLS license renewal process last year.
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1st Alliance Loses Appeal on Suspension of License

March 14, 2022
Sam Manas
The Connecticut Supreme Court upheld the revocation of the now-shuttered company’s mortgage license by the state Department of Banking in 2019 for failure to maintain a surety bond.
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CRA Bill Covering Nonbanks Introduced in California

February 28, 2022
Sam Manas
The bill would impose a Community Reinvestment Act-like framework for evaluating the performance of financial institutions in meeting the needs of the communities they serve.
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Other News in Brief

February 14, 2022
Sam Manas
Bank overdraft and NSF fee practices in easy-to-read, comparative table; Fourth Circuit overturns ruling on convenience fees; CFPB publishes HMDA data entry helper; five federal agencies launch campaign to tackle dating scams.
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States Announce Settlement Over MLO Licensing Fraud

January 31, 2022
Sam Manas
A multistate taskforce investigation revealed that hundreds of mortgage loan originators had falsely claimed to have completed annual continuing education.
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NYDFS Calls on CFPB to Widen Section 1071 Coverage

January 31, 2022
Sam Manas
The New York Department of Financial Services wants the CFPB to share with state regulators the data it plans to collect on small-business loans. The NYDFS also wants the final rule to extend coverage to include all minority- and women-owned businesses.
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Chopra Urges State AGs to Use Consumer Financial Protection Laws

December 20, 2021
Sam Manas
State attorneys general could be leading the conversation on enforcement of consumer financial protection laws moving forward, according to compliance attorneys.
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CFPB Joins FTC, NC DOJ in Defense of Fair Credit Reporting Act

October 25, 2021
Dennis Hollier
The bureau filed a joint amicus brief with the Federal Trade Commission in a case that seeks to use a section of the Communications Decency Act to avoid prosecution under the Fair Credit Reporting Act.
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NYDFS Takes Notice of Bias Against Same-Sex Borrowers

September 27, 2021
Namrata Bhatia
The state regulator is taking notice of disparities in mortgage approvals and denials and terms of mortgage credit between same-sex and opposite-sex pairs.
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Other News in Brief

August 30, 2021
Lisa Burden
Bryan Schneider lands at Manatt; New York amends foreclosure requirements; Connecticut extends pandemic-related requirements to federally backed loans; another settlement for Wells Fargo; Mr. Cooper seeking dismissal of lawsuits.
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