Jeffrey Naimon, a partner at Buckley, warned that CFPB enforcement lawyers are pressing hard on discovery issues — requiring investigational targets to provide more information faster.
The federal district court concluded that nine out of 10 legal claims against the lender/servicer were barred by a consent decree entered into by Ocwen in 2014. The court dismissed the 10th claim.
The longer timeline allows lenders more time to offer QM loans based on a homeowner’s debt-to-income ratio and not solely based on certain pricing thresholds...
Veteran mortgage attorney Gus Avrakotos: "With advances in technology, if there ever is a time to seriously consider dispensing with branch office licensing, this is the time."
The bureau issued an interim final rule to ensure tenants are provided with written notice of their rights under the Centers for Disease Control and Prevention eviction moratorium.
In its latest filing with the Ninth Circuit, Seila Law said that because the agency had a structural constitutional defect, any exercise of executive power by the agency was void.
Industry attorneys recently discussed best practices in a post-pandemic world. One warning of note: The CFPB wants to make an example of bad actors, compliance experts warned at MBA’s recent conference.
The settlement resolves charges that the online debt settlement company steered consumers into high-cost loans from affiliated lenders and failed to disclose its relationship with those companies.