Economic solutions businesses banking institutions, non bank loan providers and loan servicers, car boat loan companies, education loan businesses, loan companies, bank card issuers, non conventional boat finance companies, and other market individuals face many appropriate challenges today, including federal government investigations and enforcement actions, a moving regulatory landscape, unique civil litigation theories as well as other litigation dangers. Particularly since the customer Financial Protection Bureau along with other regulators problem guidance and promulgate new regulations impacting the buyer finance industry, it’s now more critical than in the past that business counsel remain up to date with these developments and associated enforcement and litigation styles to be able to handle institutional dangers. Acknowledging this need, Goodwin’s LenderLaw Watch monitors, chronicles and analyzes news and issues that are legal our customers therefore the customer finance industry.
Foreclosure Protection has returned into the Spotlight: CFPB Proposes brand New Rules for Mortgage Servicers
The CFPB recently proposed additional amendments to its Mortgage Servicing Rules which, if implemented, would offer extra defenses for home loan borrowers default that is facing foreclosure. Continue reading “Monetary solutions organizations banking institutions, non bank loan providers and loan servicers, car boat loan companies”