News and Insights

Why Expanded QM Exemption for Small Lenders Doesn’t Go Far Enough

November 11, 2015

The Consumer Financial Protection Bureau’s recent change to the definition of small creditor, while seemingly…

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Why MSAs Are More Trouble Than They’re Worth

October 31, 2015

The guidance that the Consumer Financial Protection Bureau issued recently on marketing services agreements is…

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HMDA Data Disclosures Pose Risks for Lenders and Borrowers

October 27, 2015

When the Consumer Financial Protection Bureau issued its long-awaited final Home Mortgage Disclosure Act rule…

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Why TRID Grace Period Still Leaves Lenders Vulnerable

October 1, 2015

The Consumer Financial Protection Bureau announced Tuesday that it will support a hold harmless period…

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Fair Lending Lawsuit Could Affect Disparate Impact

September 23, 2015

The city of Miami was recently found to have standing to sue lenders under the…

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Lenders Better Have a Good Reason for TRID Estimate Change

September 15, 2015

What exactly is an “extraordinary” or “other unexpected event” under the TILA-RESPA integrated disclosure rules?…

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Loan Officer Comp Rules Obscured by ‘Unforeseeable Circumstances’

September 3, 2015

Under the current loan officer compensation rules, one point that isn’t completely clear is whether…

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Three Regulators Are Scarier than One

August 20, 2015

In the latest example of exemplary coordination between other federal agencies and various states, the…

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Here’s One Thing the CFPB Gets Right

August 11, 2015

There are many concerning aspects of the Consumer Financial Protection Bureau’s methods, not the least…

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Ambiguities Remain Around MSAs

August 3, 2015

By now everyone knows that at least two major lenders have pulled out of marketing…

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