Trump’s interim CFPB chief shifts enforcement power in lending bias cases
ABA Journal Daily News
ABA Journal Daily News
Trump administration officials have made clear their intent to reexamine how Federal Housing Administration lenders are cited under the False Claims Act, but whether that means lenders can rest any easier is still an open question. Housing and Urban Development Secretary Ben Carson multiple times has echoed lenders' concerns that the government has used the […]
ABA Journal Daily News
A new state law meant to combat the blight of “zombie” homes across New York lacks effective enforcement to hold banks accountable for actually maintaining the properties on Staten Island. The law requires banks and mortgage providers to maintain vacant and abandoned properties they have notes on or risk a $ 500 daily penalty — […]
The U.S. House of Representatives subcommittee responsible for appropriating money for the Department of Justice has released its proposed budget for fiscal year 2018. ABA Journal Daily News
Several U.S. Senators have introduced legislation for a Military Consumer Enforcement Act that would seek to empower the Consumer Financial Protection Bureau to oversee and enforce compliance with the Servicemember Civil Relief Act . If passed and signed into law, the new act would amend the Consumer Financial Protection Act of 2010. Foreclosure News
Rumors continue to swirl, this time about Orange County's Americash. Yes, the drop in refi volume is showing, and even if you made it through the bad first quarter, it's not a cake walk out there. Foreclosure News
Banks and other mortgage servicers are receiving notices from companies like ProChamps , which have been retained to assist municipalities with enforcement of vacant property ordinances. These enforcement actions could significantly impact the foreclosure process. Foreclosure News
ABA Journal Daily News
ABA Journal Daily News