Follow

Consumer Financial Services Review Blog

Articles: 1-10 of 292

Maryland Governor Signs Bill Clarifying and Repealing “All Purchasers” Exemption from Maryland Mortgage Lender Law and Maryland Installment Loan Law

USA - April 21 2026 In a series of Legal Updates, we previously discussed legislation introduced and passed by the Maryland General Assembly and then signed by Maryland…

HUD Launches Fair Housing Investigation into Special Purpose Credit Program

USA - April 6 2026 On March 24, 2026, the Department of Housing and Urban Development (“HUD”) announced that it is launching an investigation under the federal Fair…

New York State Department of Financial Services Adopts Regulations Implementing the Community Reinvestment Act Covering Mortgage Bankers

USA - February 11 2026 In January 2026, the New York State Department of Financial Services (“DFS”) adopted its regulations (the “Regulations”) implementing the provisions…

Ginnie Mae Accommodates Further Use of eNotes

USA - January 28 2026 Ginnie Mae recently announced that it will permit the issuance of mortgage-backed securities (MBS) backed by mortgage loans documented using…

New York Enhances UDAAP Authority with FAIR Business Practices Act

USA - January 5 2026 On December 19, 2025, New York Governor Hochul signed the Fostering Affordability and Integrity Through Reasonable (“FAIR”) Business Practices Act…

New California CARS Act

USA - October 7 2025 The new California Combating Auto Retail Scams (CARS) Act, which Governor Newsom signed on October 7, 2025, mirrors the thwarted efforts of the…

HUD Seeks Input on Reverse Mortgage Programs

USA - October 2 2025 On October 2, 2025, HUD, through FHA and Ginnie Mae, issued a Request for Information (RFI) seeking public input on the current and future roles of…

Massachusetts AG Settles Fair Lending Action Based Upon AI Underwriting Model

USA - July 24 2025 While federal regulatory agencies retreat from enforcing disparate impact discrimination, at least one state agency has stepped forward…

California Enacts Servicing Requirements for Subordinate Residential Mortgages

USA - July 14 2025 On June 30, California Governor Newsom signed Assembly Bill No. 130 (“AB130” or the “Bill”). Effective immediately, the Bill added a new section to…

Crypto in Your Mortgage? Federal Regulator Is Keen to Welcome Crypto in Mortgage Origination Guidelines

USA - July 4 2025 In a social media post on Wednesday, June 25, 2025, Federal Housing Finance Agency (FHFA) Director William Pulte ordered Fannie Mae and Freddie Mac…