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Mortgage Servicer Enters in to $225 Million Consent Order with California DBO

California Department of Business Oversight  •  Fair Lending / Fair Servicing  •  FCRA  •  Military Service Members  •  Mortgage  •  RESPA  •  TILA
On February 17, 2017, the California Department of Business Oversight (California DBO) announced that it had entered in to a $225 million consent order with a national mortgage servicer following an investigation by a third-party auditor into loans serviced by […]

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CFPB Publishes Rulemaking Agenda Including Proposed Rule Prohibiting Class Action Waivers

Auto Finance  •  Banking  •  CFPB  •  Debt Collection  •  Enforcement Trends  •  Payday Lending  •  RESPA
On November 20, 2015, the CFPB published​ its current rulemaking agenda. Under the Dodd-Frank Wall Street Reform Act, the CFPB drafts and implements new regulations governing certain consumer finance products and services. The CFPB publishes […]

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CFPB Summarizes Recent Results of Supervisory Enforcement

Banking  •  CFPB  •  Credit Reporting  •  Debt Collection  •  ECOA  •  FCRA  •  FDCPA  •  Mortgage  •  RESPA  •  TILA
On June 23, 2015, the Consumer Financial Protection Bureau (CFPB) released its Supervisory Highlights report detailing the Bureau’s supervision efforts for the first four months of 2015. The report summarizes the most common “illegal practices” […]

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