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Home » Topics » Inside the CFPB » State Regulation

State Regulation
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Other News in Brief

October 21, 2019
Yemeng Yang

Debt Collection Law Covers Mortgage Debt in California

October 21, 2019
Yemeng Yang
California enacted an amendment clarifying that mortgages are covered under the state’s debt collection law.
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Connecticut Lender Questions Licensing Law Interpretation

October 7, 2019
Yemeng Yang
A mortgage lender is taking on the state of Connecticut over its interpretation of licensing laws, which it claims put it out of business.
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MLO Transitional Licensing Relief Nears

October 7, 2019
Yemeng Yang
The CFPB recently published guidance to address the upcoming change in transitional licenses for mortgage loan originators who move between states or from banks to nonbanks.
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States Take Issue with Debt Collection Proposal

September 23, 2019
Yemeng Yang
A bipartisan coalition of more than two dozen state attorneys general have urged CFPB Director Kathy Kraninger to reconsider the proposed debt collection policy.
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State Regulators Can Bring Parallel Lawsuits, Says CFPB

September 9, 2019
Yemeng Yang
The CFPB in a recent amicus brief defended states’ authority to bring parallel claims against financial institutions for unfair, deceptive and abusive acts or practices.
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Pennsylvania AG Continues to Focus on Mortgage Redlining

September 9, 2019
Yemeng Yang
Mortgage redlining continues to be a high priority for the Pennsylvania Attorney General’s office, said a senior deputy to the AG.
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New York Raises Mortgage Servicing Requirements

August 26, 2019
Yemeng Yang
As a leader of consumer protections at the state level, New York recently enacted legislation to prevent mortgage scams and impose additional obligations on mortgage servicers.
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Republican AGs Say CFPB Structure Unconstitutional

August 12, 2019
Yemeng Yang
A dozen Republican state attorneys general asked the Supreme Court to review the challenge to the CFPB’s structure, stating their belief the bureau directorship is unconstitutional.
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CSBS Stresses Need for Compliance Culture at Nonbanks

August 12, 2019
Yemeng Yang
The Conference of State Bank Supervisors in a new white paper encourages nonbank lenders to self-report violations to examiners and build a strong compliance culture.
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