The CFPB issued its final rule, titled the Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders Final Rule, on June 3, 2024. The rule will require certain nonbank entities to register certain covered enforcement or court orders, and comply with ongoing, attested reporting requirements on the entity’s compliance with such orders.… Continue Reading

The American Association of Residential Mortgage Regulators (AARMR), the trade association for regulators responsible for supervising non-depository mortgage companies, held its annual conference last week in Denver. Not surprisingly, the agenda was heavily focused on the CFPB, and several CFPB officials were in attendance. Unfortunately, the officials, knowingly or not, adhered to the CFPB’s (unofficial?)… Continue Reading