by Jeff Sorg | Jul 30, 2013 | California Real Estate, Mortgage, Nevada Real Estate, Oregon Real Estate, Real Estate
(CFPB – WASHINGTON, D.C.) — The Consumer Financial Protection Bureau (CFPB) today filed a complaint in federal district court against a Utah-based mortgage company, Castle & Cooke Mortgage LLC, and two of its officers for illegally giving bonuses to loan...
by Jeff Sorg | Jun 27, 2013 | Mortgage
(CFPB -WASHINGTON, D.C.) —The Consumer Financial Protection Bureau (CFPB) issued a rule that establishes procedures to bring under its supervisory authority certain nonbanks whose activities it has reasonable cause to determine pose risks to consumers. Nonbanks...
by Jeff Sorg | Jun 24, 2013 | Mortgage
CONSUMER FINANCIAL PROTECTION BUREAU ISSUES PROPOSED MODIFICATIONS TO MORTGAGE RULES Proposal Would Resolve Implementation Issues and Clear Way for Better Consumer Protections (CFPB, WASHINGTON, D.C.) Today the Consumer Financial Protection Bureau (CFPB) proposed...
by Joseph | Jun 6, 2013 | Contractor, Mortgage
If your small business has been operating under the “it won’t happen to me” assumption in regards to a CFPB audit, think again. The CFPB has repeatedly made it clear that they intend to audit everyone in the mortgage industry, regardless of size. They started...
by Jeff Sorg | Jun 5, 2013 | Mortgage
(CFPB – WASHINGTON, D.C.) — On June 4, 2013, The Consumer Financial Protection Bureau (CFPB) published the first update to its exam procedures for the new mortgage regulations it issued in January 2013. The exam procedures offer financial institutions and...
