Due to the similarities between the structures of the FHFA and the CFPB, some firms facing enforcement actions from the CFPB are hoping to have courts invalidate the actions.

Integrity Advance and its CEO James Carnes had argued that the CFPB’s order isn’t valid and enforceable.

The report covers 16 servicers and the details could provide insight into the bureau’s enforcement priorities, according to compliance attorneys.

A recent U.S. Supreme Court decision is being used by the industry in pushing back against enforcement and it’s not the Seila Law case.

Rep. Maxine Waters. D-CA, wants federal regulators, including the CFPB, to conduct “robust supervision and enforcement” of mortgage servicers to protect homeowners from unnecessary foreclosures.

The rule will help lenders in determining whether to treat June 19, 2021, as a federal holiday or a business day for purposes of compliance with certain time-sensitive borrower protections.

The Mortgage Bankers Association said the Community Reinvestment Act is an ineffective and misguided policy choice with respect to nonbanks.

The improvement came even as originations of residential loans by nonbanks doubled between 2019 and 2020, the California regulator said.

Dave Uejio’s actions as CFPB acting director came under fire from GOP Sen. Pat Toomey during Uejio’s nomination hearing for a job at the Department of Housing and Urban Development.

A Kansas district court asks Integrity Advance and its CEO James Carnes to pay more than $50 million in restitution and fees while the case is still on appeal in the 10th Circuit.