By the Consumer Financial Services Group
The Bureau of Consumer Financial Protection
(CFPB) has moved forward on its plan to make mortgage servicing a
priority by issuing written procedures
for the agency's examinations of mortgage servicers. Although part of
the CFPB's more comprehensive...
By John C. Lynch , David N. Anthony , John F. Costello, Jr. and Virginia Bell Flynn
On April 9, 2012, the Consumer Financial Protection Bureau (CFPB) announced a proposal for mortgage servicing rules that it plans to issue this summer. Richard Cordray, Director of the CFPB, stated that "for too...
By John C. Lynch , Ethan G. Ostroff and David M. Gettings
The Consumer Financial Protection Bureau (CFPB) announced yesterday that it will be taking steps over the course of 2013 to focus on the mortgage industry's compliance with new consumer protections.
The 2010 Dodd-Frank Act required the...