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CFPB Seeks to Enhance Consumer Protections by Targeting the Mortgage...
The Consumer Financial Protection Bureau (CFPB) has outlined rules that it is considering to help protect mortgage borrowers from being hit by costly surprises or getting the runaround from their...
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Class Action Suit Filed Against GMAC Mortgage Over Force-Placed Insurance
The law firm of Kirby McInerney LLP has filed a class action lawsuit in the U.S. District Court for the Southern District of New York against GMAC Mortgage LLC and Balboa Insurance Company in...
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The Dodd-Frank Act: New Mortgage Servicing Rules on the Horizon
The Dodd-Frank Wall Street Reform and Consumer Protection Act imposes several new requirements related to the servicing of mortgage loans. These new requirements will take effect automatically on Jan....
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CFPB Issues Proposed Mortgage Servicing Rules
On Aug. 9, the Consumer Financial Protection Bureau (CFPB) proposed new mortgage servicing rules. The proposed rules would amend both Regulation Z and Regulation X to implement the Dodd-Frank Act...
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NYS Gov. Cuomo Reaches Forced-Placed Insurance Settlement With Assurant
New York State Gov. Andrew M. Cuomo announced that a New York State Department of Financial Services (DFS) investigation has produced a major settlement with the country’s largest “force-placed”...
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NYS Governor Announces 100 Percent Coverage Regarding Force-Placed Insurance
The Cuomo Administration announced that its nation-leading force-placed insurance reforms will now cover 100 percent of the New York market after the New York State Department of Financial Services...
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