Pete Mills, a senior vice president at the Mortgage Bankers Association, said the registry is an “unnecessary and redundant move.” The final rule requires nonbanks to report to the CFPB any government or court orders penalizing them for violations of consumer protection laws.

Low-income homeowners and older individuals are at an increased risk of losing their property to a tax foreclosure.

Rocket and the loan originator denied all housing discrimination allegations but entered into the agreement with HUD to obtain closure.

New standards for nonbank mortgage servicers will go into effect in Iowa on July 1. While only a handful of states have adopted the CSBS model standards, substantially all large nonbank servicers are covered.

Changes to the state’s Community Reinvestment Act would further protect against discriminatory appraisals, according to the CFPB.

First National Bank of Pennsylvania’s $13.5 million settlement with the DOJ and North Carolina didn’t include a civil monetary penalty. DOJ officials stressed that more redlining enforcement is in the works.

CFPB proposes rule aimed at a fee rarely charged by banks; Connecticut regulator alleges unlicensed mortgage origination activity by LoanSnap; the CFPB and seven state AGs partner on a lawsuit against a debt-relief company; CFPB warns of scam targeting elderly.

Laws in a number of states require mortgage servicers to make interest payments to borrowers on funds held in escrow. The Supreme Court will hear oral arguments on the matter in February, helping to clarify the OCC’s stance on federal preemption.

A coalition of state attorneys general filed letters to the CFPB and the Office of the Comptroller of the Currency noting that banks frequently refuse to cooperate with states’ enforcement investigations.

The civil monetary penalty and consumer redress are tied to freezes on unemployment benefits accounts during the pandemic.