Stay in compliance with the ever-expanding web of mortgage & consumer lending regulations

Recent Articles

Financial Services Advisory: The UK Introduces a New Reimbursement and Compliance Monitoring Regime for Authorised Push Payment Scams

Financial Services / Antitrust Advisory: FDIC, OCC, and DOJ Update Guidance on Bank Merger Evaluations

Financial Services Advisory: FDIC Proposes Rule to Establish Custodial Account Recordkeeping Requirements

Financial Services / Investment Funds / White Collar, Government & Internal Investigations ADVISORY: Investment Advisers Face New AML/CFT Compliance Obligations from FinCEN

Financial Services Advisory: FDIC Proposes Rule to Revise Brokered Deposit Regulations and Issues Request for Information on Deposit Data

Financial Services Advisory: Regulators Focus on Bank-Fintech Arrangements

Consumer Finance State Roundup

Shareholders Sharpen Focus on AI-Related Securities Disclosures

States Impose Commercial Financing Disclosure Requirements

CFPB Submits Comment Letter on Use of AI in Financial Services

VA Issues Guidance on Processing Assumptions with Secondary Financing

Strike Force on Unfair and Illegal Pricing Holds First Public Meeting: CFPB Director Highlights Work on Junk Fees

Consumer Finance State Roundup

CFPB Releases Long-Awaited Proposal to Amend Regulation X Loss Mitigation Rules

CFPB and Other Federal Agencies Finally Adopt AVM Rule

CFPB Expands its Reach with Final Rule Establishing Nonbank Registry of Public Settlements, Consent Orders and Enforcement Actions

CFPB Seeks Permanent Enforcement – Will this Further its Repeat Offender Agenda?

FSOC Issues Report on Nonbank Mortgage Servicing Highlighting Strengths, Vulnerabilities and Recommendations

HUD Issues Guidance on Appraisal Reviews and Reconsiderations of Value

Large Nonbank Ginnie Mae Issuers: Ginnie Mae Wants Your Recovery Plans

Consumer Finance State Roundup

Iowa Adopts Mortgage Servicer Prudential Standards

Appraisal Bias Settlement: Potential Roadmap

FHA and VA Announce New Loss Mitigation Options

CFPB Issues Credit Card Penalty Fee Final Rule, Reduces Late Fees to $8

Fannie Mae Issues Guidance in Response to New York Foreclosure Abuse Prevention Act

CFPB’s War on Mortgage Fees Continues

CFPB and FTC Amicus Brief Signals Stance on “Pay-to-Pay” Fees under FDCPA

Ginnie Mae Imposes Cybersecurity Incident Notification Obligation

Appraisal Bias Focus Continues in 2024

A Friendly Reminder of the Importance of Robust Consumer Complaint Handling Processes

CFPB’s Proposed Insufficient Fund Fee Rule – Narrow in Scope with Potential for Greater Impact

CFPB Issues FCRA Advisory Opinions Addressing Background Screenings and Credit File Sharing Practices

New Florida Law Restricts Foreign Nationals’ Land Ownership

CFPB Touts 2023 Greatest Hits and Casts a Line for Enforcement Hires

Consumer Finance State Roundup

New York DFS to Impose Climate Change Safety and Soundness Expectations on Mortgage Lenders, Servicers, and other Regulated Organizations

Mortgage Industry Update: Washington DFI Holds First Mortgage Industry Webinar of 2024

New Indiana Money Transmission License Requirements Impact Business Purpose Activities

Don’t Miss the Small Stuff Lenders: New Mexico Issues Regulatory Guidance for Completing the “Freedom to Choose” Insurance Company Form

CFPB Amicus Brief in FDCPA Case Signals Its Stance on Liability for False Statements

Mortgage Servicers: VA Issues Guidance Regarding Noncompliance in Processing VA Assumptions

OCC Issues Guidance on “Buy Now, Pay Later” Lending

Complying with the “Consider” Requirement Under the Revised Qualified Mortgage Rules

CFPB’s Message to Mortgage Servicers: Make Sure You Comply with RESPA’s Force-Placed Insurance Requirements

Correspondent Lending on the Rise: Increasing Gains Point to Increasing Risk

FSOC Approves Analytic Framework for Financial Stability Risks and Guidance on Nonbank Financial Company Designations

NYDFS Finalizes Second Amendment to Its Cybersecurity Regulation

HUD Seeks Comment on Proposed Notice to Change HECM for Purchase Program to Expand Funding Sources and Interested Party Contributions

Majority of States Now Permit Remote Work for MLOs and Mortgage Company Employees

FTC Approves New Data Breach Notification Requirement for Non-Banking Financial Institutions

Affirmative Action in Lending: The Implications of the Harvard Decision on Financial Institutions

Consumer Finance State Roundup

Oh Snap! CFPB Sues Fintech Company under CFPA and TILA

Consumer Finance State Roundup

NY DFS Releases Revised Proposed Second Amendment of its Cybersecurity Regulation

Georgia, Florida, Connecticut Enact Commercial Financial Disclosure Laws

CFPB and Federal Agencies Seek Comment on Proposed Automated Valuation Models Rule

Consumer Finance State Roundup

FSOC Issues Proposed Update to Interpretative Guidance on Nonbank Financial Company Designations

Being a Government Agency is not an Exception to the Federal Discovery Rules

Consumer Finance State Roundup

CFPB Issues Preemption Determination that State Commercial Financing Disclosure Laws Are Not Preempted By TILA

New York’s Commercial Finance Disclosure Law Set to Take Effect August 1, 2023

Second Circuit Deepens Circuit Split over CFPB Funding Structure

States Continue Trend Supporting Remote Work for MLOs and Mortgage Company Employees

CFPB Issues Special Edition of Supervisory Highlights Focusing on Junk Fees

As Economic Winds Blow, So Do Whistleblowers: How to Protect Your Company Through Turbulent Times

Merrily the State CRAs Roll Along

The COVID-19 National Emergency is Ending: Are mortgage servicers ready?

California DFPI Digital Asset Lending Regulatory Year in Review

New York Foreclosure Abuse Prevention Act Curtails Servicers’ Options

CFPB Issues Advisory Opinion Warning Against Kickbacks for Mortgage Rate Shopping Platforms

Moving to Address Appraisal Bias, Agencies and the Appraisal Foundation Issue Updates

District Court Dismisses CFPB’s Redlining Case Against Townstone Financial

CFPB Issues Proposed Rule to Establish Public Registry of Supervised Nonbank Form Contract Provisions that Waive or Limit Consumers’ Legal Protections

Trends in Enforcement and Recommendations on Protecting Financial Institutions

Illinois Proposes Rules Implementing Its Community Reinvestment Act for Banks, Mortgage Lenders, and Credit Unions

Supreme Court Wrestles with Scope of Attorney-Client Privilege

CFPB Proposes Nonbank Registry to Focus on Compliance “Recidivism”

New York Amends Disclosure Requirements for Telemarketers

38 Attorneys General Ask SCOTUS to Determine the CFPB’s Fate

Assumptions on the Rise: Are You Ready for Mortgage Assumptions?

HELOCs On the Rise: Is Your Servicing CMS Ready?

CFPB Publishes Fall 2022 Supervisory Highlights

FHA Issues Final Rule on Acceptance of Private Flood Insurance Policies

CFPB Petitions High Court to Consider Decision Holding Funding Structure Unconstitutional

The CFPB’s Funding Structure Held Unconstitutional: The Practical Implications

Is the DOJ (De Facto) Enforcing the Community Reinvestment Act?

CFPB Sues MoneyLion over Membership Program, Uses Military Lending Act as Hook

CSBS Releases Cybersecurity Programs to Help Nonbank Financial Services Institutions Improve Cybersecurity Posture

State Community Reinvestment Acts Reaching Beyond Banks

State Community Reinvestment Acts Reaching Beyond Banks

Alston & Bird Adds Consumer Finance Partner Aldys London in Washington, D.C.

California Settlement Offers Reminder that Buy Now Pay Later Participants are Subject to California Financing Law

GSEs to Require Mortgage Servicers to Obtain and Maintain Fair Lending Data

NMLS Seeks Comments on Proposed Revisions to Company and Individual Disclosure Questions

Rhode Island Expands Lender Licensing for Retail Installment Contracts, Allows Remote MLO Work, and Makes Other Changes to Financial Institutions Laws

Georgia Amends its Residential Mortgage and Installment Loan Laws

Connecticut and Maryland Adopt Model Mortgage Servicer Prudential Standards