Tag Archives: CFPB

The Consumer Financial Protection Bureau (CFPB) unveiled a new tool Friday aimed at making Home Mortgage Disclosure Act (HMDA) data more user-friendly. In a report released the same day, the CFPB said it collected HMDA data from 7,400 financial institutions in 2012 on 18.7 million loan applications. Not all new information would be made publicly available, and the new reporting guidelines would largely be in line with current industry standards.

The Consumer Financial Protection Bureau (CFPB) released a new report detailing a number of servicing practices that “continued to plague consumers throughout 2013.” The report covers supervision work completed between July and October 2013—after its servicing rules were first published but before they actually went into effect.

Out of Houston, TeleVoice, a provider of customized telephony applications, announced that servicing provider Cenlar FSB is now leveraging its Interactive Voice Response and Computer Telephony Integration solutions to aid its compliance efforts in light of the Consumer Financial Protection Bureau’s new mortgage servicing rules.

After much anticipation, the Consumer Financial Protection Bureau (CFPB) issued its final rule for new integrated mortgage disclosures, combining the overlapping disclosures required by the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA). The new rule will certainly change the landscape of the settlement services and mortgage lending industries as we know them.

[ca_audio url_mp3='http://blogtalk.vo.llnwd.net/o23/show/5/540/show_5540825.mp3' css_class='codeart-google-mp3-player' autoplay='false' download='false' html5='false']Jerry Alt, president of LOGS Network, joins the broadcast to discuss the current regulatory environment. Specifically the impact, costs and burden of that the CFPB & Dodd Frank imposes on servicers and vendors.View on BlogTalkRadio.