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The Latest in Compliance
1008 Uniform Underwriting and Transmittal Effective with applications dated on and after June 5, 2019,…
Read MoreAppellate Court Rules CFPB Structure is Unconstitutional
In a long-awaited decision in the case of PHH Corporation v. CFPB, the U.S. Court…
Read MoreBank Statement Loans Are Only as Safe as the Lenders Originating Them
As consumers increasingly accept nontraditional jobs and move away from standard, well-documented income patterns, mortgage…
Read MoreThere Are Two Stories: Do You Know Both?
When you become the target of a regulatory agency, it can become very easy to…
Read MoreCFPB Warns Against LO Comp Accidentally Leading to Elder Abuse
Over the last several months the Consumer Financial Protection Bureau has focused on financial abuse…
Read MoreCourt Ruling Reignites Underwriter Compensation Fight
Whether certain loan officers are exempt from minimum wage and overtime compensation is an argument…
Read MoreCFPB No-Action Letters Smooth Path to Mortgage Innovation
The Consumer Financial Protection Bureau finally released in February its long-awaited policy pertaining to no-action…
Read MoreAuto Lending Settlement Justifies Pricing Discretion in Mortgages
Compliance experts have long disagreed about how much, if any, discretion loan officers have in…
Read MoreShed Light on Fair Lending to Avoid Compliance Blind Spots
The Consumer Financial Protection Bureau recently issued general policy objectives, which included goals related to…
Read MoreCFPB Announces Policy Priorities For Next Two Years
The Consumer Financial Protection Bureau (“CFPB” or “Bureau”) released a statement last week containing its…
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