On Nov. 7, 2023, the Consumer Financial Protection Bureau (CFPB) released a proposed rule that would, if finalized in its present form, establish the CFPB’s supervisory authority over certain “larger
Continue Reading CFPB Unveils Plan to Supervise Big Tech Digital Wallet and Payment App ProvidersAndrew S. Wein
Andrew S. Wein is a regulatory, litigation, and corporate attorney who represents financial services clients. His national practice focuses primarily on mortgage companies and other consumer financial institutions, assisting them with both litigation and regulatory compliance. Andrew handles litigation and regulatory issues arising out of federal and state consumer protection statutes, including the Real Estate Settlement Procedures Act, Truth in Lending Act, Fair Debt Collection Practices Act, Fair Credit Reporting Act, Telephone Consumer Protection Act, Home Mortgage Disclosure Act, Secure and Fair Enforcement for Mortgage Licensing Act, and the Home Affordable Modification Program.
On the regulatory side, Andrew’s experience includes proceedings before state and federal agencies, including the Consumer Financial Protection Bureau, the U.S. Department of Housing and Urban Development, and the New York Department of Financial Services. In addition, Andrew has deep experience with all facets of the mortgage industry, including the licensing of mortgage companies and their affiliates, examinations by state and federal agencies, loan repurchase disputes, pooling and servicing agreements, financing agreements, and various other originations and servicing transactions.
Update: CFPB Finalizes Pandemic Mortgage Servicing Rules
On June 28, 2021, the Consumer Financial Protection Bureau (CFPB, or the Bureau) issued its Final Rule amending RESPA Regulation X to provide significant foreclosure protections to borrowers.
Continue reading …
Continue Reading Update: CFPB Finalizes Pandemic Mortgage Servicing Rules
CFPB Reiterates Focus on Mortgage Industry COVID-19 Response, Highlights Fair Servicing Concerns
On May 4, 2021, the Consumer Financial Protection Bureau (CFPB or the Bureau) released two new reports that double down on its message in early April 2021 that the Bureau…
Continue Reading CFPB Reiterates Focus on Mortgage Industry COVID-19 Response, Highlights Fair Servicing Concerns
CFPB Intensifies Focus on Pandemic Mortgage Servicing
Over the last week, the Consumer Financial Protection Bureau (“CFPB” or the “Bureau”) has sharpened its focus on the mortgage servicing industry. Knowing that millions of mortgage borrowers will exit…
Continue Reading CFPB Intensifies Focus on Pandemic Mortgage Servicing
D.C. Circuit Court of Appeals Rules that CFPB Structure is Constitutional, but Rejects the CFPB’s Interpretations of RESPA
On Jan. 31, 2018, the U.S. Court of Appeals for the District of Columbia Circuit issued its long-awaited ruling in the PHH v. Consumer Financial Protection Bureau case, finding that…
Continue Reading D.C. Circuit Court of Appeals Rules that CFPB Structure is Constitutional, but Rejects the CFPB’s Interpretations of RESPA
U.S. Court of Appeals for D.C. Circuit Vacates Panel Decision in PHH v. CFPB, Grants Rehearing En Banc
On Feb. 16, 2017, the U.S. Court of Appeals for the D.C. Circuit granted the request for en banc review by the Consumer Financial Protection Bureau (CFPB) in the PHH …
Continue Reading U.S. Court of Appeals for D.C. Circuit Vacates Panel Decision in PHH v. CFPB, Grants Rehearing En Banc
NY Governor’s Proposed Budget Forecasts Increased Regulation of Fintech
In his proposed budget for fiscal year 2017-2018, New York Governor Andrew Cuomo advanced changes to the New York Banking Law that would give the Department of Financial Services (NY…
Continue Reading NY Governor’s Proposed Budget Forecasts Increased Regulation of Fintech
President Trump Signs Executive Order Establishing “Core Principles” of Financial Regulation and Addressing the DOL Fiduciary Rule
On Friday, Feb. 3, 2017, President Trump signed an executive order entitled, “Core Principles for Regulating the United States Financial System.” While the Order was widely characterized as commencing a…
Continue Reading President Trump Signs Executive Order Establishing “Core Principles” of Financial Regulation and Addressing the DOL Fiduciary Rule
OCC Consideration of Special Purpose Fintech Charters Draws Rapid Reaction for State Banking Regulators
On Dec. 2, 2016, the Office of the Comptroller of the Currency (OCC) published a preliminary proposal to create a national bank charter for financial technology companies (fintech). The OCC’s…
Continue Reading OCC Consideration of Special Purpose Fintech Charters Draws Rapid Reaction for State Banking Regulators