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California Requests Feedback on Proposed Debt Collection Regulations Impacting Licensing, Reporting, and Records

USA - July 19 2022 On July 15, the California Department of Financial Protection and Innovation (DFPI) issued an invitation for comments on proposed additions to…

Christopher J. Capurso, Stefanie H. Jackman

California Updates Debt Collectors on Processing Delays

USA - May 25 2022 On May 23, California’s Department of Financial Protection and Innovation (DFPI or Department) sent an email notifying license applicants and…

Christopher J. Capurso, Stefanie H. Jackman, Alan D. Wingfield

Nevada Transiting Collection Agency Related Licenses to NMLS

USA - March 15 2022 On February 3, the Nevada Financial Institutions Division (NFID) issued a bulletin, stating that any licensed collection agency or manager must…

David M. Gettings

CFPB Report Highlights Mortgage Servicing Examination Findings

USA - January 14 2022 On December 8, 2021, the Consumer Financial Protection Bureau (CFPB) published the 25th edition of its Supervisory Highlights report, which…

David M. Gettings

Freddie Mac Issues Bulletin Addressing Use of Cryptocurrency in Mortgage Qualification Process

USA - December 10 2021 On December 1, Freddie Mac issued Bulletin 2021-36 to update lenders on changes in loan eligibility requirements. While it is not unusual for Freddie…

Ethan G. Ostroff, James W. Stevens