CFPB targets zombie foreclosures

Fair Debt Collection The leading treatise on the FDCPA, the statute that dramatically alters how collection agencies, debt buyers and attorneys collect consumer debts. Subscribe Now! The CFPB’s Debt Collection Rule In May 2019, the consumer financial protection Bureau (CFPB) released a proposed debt collection rule, impacting some 71 million American consumers.

CFPB And State AGs Vs. Lawyers February 4, 2014, 4:15 PM EST. engaged in debt settlement and foreclosure practices.[8] The CFPB is taking these actions against lawyers despite section 1027 of.

The CFPB’s investigation found that Fay Servicing did not take the steps required to keep their customers informed about the various options for foreclosure relief, nor did they inform their customers.

ReverseVision launches interactive comparison tool for reverse mortgages New ReverseVision Calculator Works to Normalize Reverse. – Through the launch of a new loan comparison tool announced this week, reverse mortgage software provider ReverseVision is taking aim at the way originators and borrowers view reverse mortgages in the current lending environment. A departure from traditional reverse mortgage calculators that take a sole focus on reverse mortgage product options, the calculator redefines the [.]

The Consumer financial protection bureau is probing "zombie" foreclosures, a phenomenon first revealed by Reuters last year, Michelle Conlin reports. Thousands of borrowers across the country were.

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CFPB Takes Aim at ‘Zombie’ Foreclosures A ‘crisis of confidence’ at Vernon Hill’s U.K. bank Fintech seeks to help customers avoid overdrafts – with assist from a big bank Bankshot. Doomed or not, the proposal to cap credit card rates at 15% matters.

The Maryland Commissioner of Financial Regulation Joins CFPB, FTC & States in Sweep Targeting Mortgage Rescue Schemes. BALTIMORE, MD (July 23, 2014) – The Office of the Commissioner of Financial Regulation issued two cease and desist orders against companies and individuals for operating illegal loan modification schemes that scammed consumers into paying large upfront fees but did.

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CFPB targets "zombie" foreclosures. Borrowers don’t realize they still own their homes. March 14, 2014. housingwire staff. The Consumer Financial Protection Bureau is probing "zombie" foreclosures.

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As the next in a series of rule makings by the Consumer Financial Protection Bureau, the agency this week laid out its plans to ramp up protections by implementing rules for mortgage servicing companies. targeting servicing processes specific to struggling homeowners and borrowers facing foreclosure, the rules aim to simplify the process for borrowers and [.]

The CFPB’s recent proposal to create a "regulatory sandbox" would offer a safe haven to unscrupulous lenders that target low-income people and. CFPB in direct response to the subprime lending and.