The Structured Finance Association said the SEC’s Exchange Act Rule 15c2-11 would lead to illiquidity in the ABS market.

One of the recommendations: the Consumer Financial Protection Bureau should create a registry of nondepository institutions that fall within its jurisdiction.

How to prioritize the future of the government-sponsored enterprises?

For some, the profit tide is turning...

Foreclosures are down, but forbearance is up. Industry analysts have some theories as to why homeowners aren’t selling, but motivations remain somewhat unclear.

Fitch and DBRS released reports outlining the risks, physical or otherwise, of climate change to MBS and ABS. They said impacts varied by area and that vigorous policy efforts could help stem losses.

The bureau found instances of racial, gender-based and religious discrimination. They also found servicers were overcharging consumers in various areas, not evaluating loss mitigation applications properly and not terminating EFTs to closed accounts.

CFPB Director Rohit Chopra said the bureau is working toward allowing state attorneys general to bring claims under federal statutes.

MBA says the system issues have caused significant delays and imposed costs on state-licensed companies.

The Civil Penalty Fund has not been used for consumer education or financial literacy for some years. Advocates say it is time to fund the education function.