Monthly Archives: June 2014

Thoughts From Mortgage Servicing Compliance Seminar in Dallas

Recently I had the privilege to speak in Dallas at the American Conference Institute seminar on mortgage compliance issues. My panel, which included two other mortgage lawyers, addressed updates to ECOA, RESPA and TILA in the mortgage servicing context. Many other interesting panels composed of compliance personnel, in-house lawyers and outside counsel covered a range […]

Assessing Organizational Progress With Mortgage Servicing Rules

Nearly six months have passed since the effective date of the Consumer Financial Protection Bureau’s (“CFPB”) mortgage servicing rules. To the extent you have not done so, now is a good time to assess your financial institution’s progress in complying with the rules and implementing policies and procedures that fit your organization. Although many of […]

Around the CFPB Lately

June has been a busy month for the Consumer Financial Protection Bureau (“CFPB”) thus far, and institutions should note a number of rules and initiatives that have been set into motion. In case you have missed some of these releases, this article will summarize several key areas that have been active lately: • Mobile banking […]

Financial Institutions and Creditors’ Rights: Ninth Circuit Finds SCRA Liability Based on Prior Servicer’s Actions

Recently, R. Scott Adams authored the following article for DRI‘s Commercial Litigation Committee. The Servicemembers Civil Relief Act (“SCRA”) was signed into law in 2003, greatly expanding prior legislation in order to better assist servicemembers in avoiding default and foreclosure while they are on active duty.  The SCRA has been expanded several times over the […]