Monthly Archives: December 2013

CFPB Updates Mortgage Rules Readiness Guide as Effective Date Approaches

Late last week, the Consumer Financial Protection Bureau (“CFPB”) issued updates to its Mortgage Rules Readiness Guide, which was issued to assist with new regulations announced throughout 2013. The newest version includes changes to final rules issued by the CFPB through October 15, 2013, covering both RESPA (Real Estate Settlement Procedures Act) and TILA (Truth-in-Lending […]

Introducing the Spilman Consumer Finance Practice Group Newsletter: All Consuming

Although this blog provides regular updates on mortgage and consumer banking at the federal and state levels, Spilman Thomas & Battle’s Consumer Finance Practice Group has begun publishing a newsletter, All Consuming, that delivers additional valuable content as important issues arise. The first edition contains summaries of three “game changer” opinions issued by the West Virginia […]

CFPB Bolsters Student Loan Supervision

On December 3, 2013, the Consumer Financial Protection Bureau (“CFPB”) announced it will issue a new rule that will allow the CFPB to supervise nonbank student loan servicers. Additionally, the CFPB updated its Supervisory and Examination Manual to provide guidance on the CFPB’s monitoring of bank and nonbank servicers of private and federal student loans. […]

CFPB Shows No Signs of Lessening Pace of Reforms

The Consumer Financial Protection Bureau (“CFPB”) issued an update to its rulemaking agenda showing that 2014 will involve significant reform efforts across numerous industries. Although the CFPB has hinted at pending changes to industries such as debt collection, the ambitious agenda for 2014 shows that consumer finance professionals will see additional mortgage-related regulations, as well […]