fees

VA Addresses Assumption Fees

By Richard J. Andreano, Jr. on February 27, 2024

The U.S. Department of Veterans Affairs (VA) recently issued Circular 26-23-10, Change 1, Circular 26-24-5 and an Exhibit to address fees that may be imposed in connection with the assumption of a VA-guaranteed home loan.

The VA advises in the Circulars that the holder or servicer of a VA-guaranteed home loan with automatic authority may charge an assumption processing fee not to exceed $300.… Continue Reading

CFPB seeks information from public on fees charged on consumer financial products and services; Ballard Spahr to hold Feb. 17 webinar

By John L. Culhane, Jr., Ronald K. Vaske & Richard J. Andreano, Jr. on January 31, 2022

Posted in CFPB, Regulatory and Enforcement

The CFPB has published a “Request for Information Regarding Fees Imposed by Providers of Consumer Financial Products or Services.” Comments on the RFI must be submitted by March 31, 2022.

On February 17, 2022, from 2:30 p.m. to 3:30 p.m. ET, Ballard Spahr will hold a webinar, “The CFPB’s Inquiry into “Junk Fees”: What It Means for Consumer Financial Services Providers.” … Continue Reading