Follow

Financial Services Perspectives Blog

Articles: 1-10 of 411

CFPB Hosts Hearing on Appraisal Bias

USA - February 6 2023 In light of growing concerns, the Federal Financial Institutions Examination Council (FFIEC) Appraisal Subcommittee (ASC) held its first hearing on…

CFPB Updates Mortgage Servicing Exam Procedures

USA - February 2 2023 On January 18, 2023, the Consumer Financial Protection Bureau (CFPB) released an updated version of its Mortgage Servicing Examination Manual. As the…

California Prepares to Add New Student Loan Servicing Regulations

USA - February 1 2023 The California Department of Financial Protection and Innovation (DFPI) recently issued a Notice of Modification to Proposed Regulations and…

Consumer Advocate Appointed New Director of Justice Department’s U.S. Trustee Program

USA - January 25 2023 The Director of the Justice Department’s U.S. Trustee Program (USTP), which oversees the administration of bankruptcy cases, is about to change for…

FHA Implements COVID-19 Property Charge Repayment Plan for HECM Borrowers

USA - January 17 2023 On December 15, 2022, the Federal Housing Administration (FHA) issued Mortgagee Letter 2022-23, establishing the COVID-19 Home Equity Conversion…

CFPB Releases Report on Credit Reporting Agencies, Suggests Future Reforms

USA - January 9 2023 The Consumer Financial Protection Bureau (CFPB) released a report (2022 CFPB Report) on January 3, 2023, detailing information and trends related to…

HUD Authorizes Acceptance of Private Flood Insurance for FHA-Insured Mortgages

USA - January 5 2023 Effective December 21, 2022, the Federal Housing Administration (FHA) amended its regulation at 24 C.F.R. § 203.16a to allow FHA borrowers to…

FHA Extends Partial Waiver of Face-to-Face Meeting Requirement

USA - December 29 2022 On December 19, 2022, the Federal Housing Administration (FHA) issued an additional extension of the temporary waiver of face-to-face contact…

CFPB Issues Proposal Requiring Nonbank Institutions to Register and Report Violations of Consumer Protection Laws Issued by Other Agencies and Courts

USA - December 20 2022 The Consumer Financial Protection Bureau (CFPB) issued a release on December 12, 2022, considering a proposed rule that would require nonbank…

FCC Declares Ringless Voicemails Are Subject to TCPA’s Robocall Restrictions

USA - December 1 2022 In a recently issued ruling, the Federal Communications Commission (FCC) declared that "ringless voicemails" are "calls" subject to the requirements…