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.
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Continue Reading Update: CFPB Finalizes Pandemic Mortgage Servicing Rules
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
On Sept. 25, 2020, California Gov. Gavin Newsom signed into law the California Consumer Financial Protection Law (CCFPL), which was passed by the California Legislature Aug. 31, 2020. The
Continue Reading California’s Adoption of ‘Mini-CFPB’ Will Transform Consumer Financial Services Regulation in the State
On Sunday night, March 22, 2020, the federal banking agencies (OCC, FDIC, NCUA, Federal Reserve), the Consumer Financial Protection Bureau and the State Conference of Bank Supervisors issued an Interagency
Continue Reading Interagency Guidance for Financial Institutions on Coronavirus Disease-Related Loan Modifications
With the announcement of Richard Cordray’s resignation as Director of the federal Consumer Financial Protection Bureau (CFPB) by the end of November 2017, the latest D.C. guessing game is who
Continue Reading Richard Cordray Resigns — Who’s going to mind the CFPB store?
There is no doubt that the regulation of financial technology (fintech) companies is on the rise. Fintech companies broadly mean companies that provide products, services and technology where traditional banking
Continue Reading Early Signs on Fintech from the Consumer Financial Protection Bureau
CFPB Issues Report on Servicers Servicing Servicemembers’ Student Loans
On July 7, the CFPB released a report covering student loan servicing complaints received by the CFPB from servicemembers. The report,
Continue Reading CFPB Observer: Recent Developments from July 7-10, 2015
CFPB Releases Spring 2015 Rulemaking Agenda
The CFPB recently released its spring 2015 rulemaking agenda as required by the Regulatory Flexibility Act. It described the following upcoming rulemakings:
Continue Reading CFPB Observer: Recent Developments from June 2015
Brett Kitt, Financial Regulatory Of Counsel, participated as a speaker in the Online Lenders Alliance Spring Summit held in Washington, D.C. from April 28 – 29.
Brett moderated a
Continue Reading Brett Kitt Spoke at the Online Lenders Alliance Spring Summit in Washington, D.C.