The Consumer Financial Protection Bureau has released its Semiannual Regulatory Agenda covering the period from January 2026 through November 2026. Published through the Office of Information and Regulatory Affairs (OIRA) as part of the Unified Agenda of Federal Regulatory and Deregulatory Actions, the agenda provides an important roadmap of the Bureau’s anticipated regulatory activity during the remainder of the year.… Continue Reading
Proposed Rules
CFPB Issues Proposed Rule Amending Mortgage Servicing Rules
By Ballard CFS Group on
Posted in CFPB Rulemaking, Mortgage Servicing
The CFPB recently issued its long-awaited proposed rule amending the mortgage servicing rules under Regulation X, with a focus on streamlining and expanding the loss mitigation procedures and foreclosure protections. The amendments have been touted as a means to streamline the loss mitigation process, with a nod to the laudable approach taken by industry during the COVID-19 pandemic.… Continue Reading
HUD Issues Proposal to Avoid FHA Loans From Being Prohibited Starting Next Year
By Richard J. Andreano, Jr. on
On March 13, 2014, HUD published a proposal to eliminate the requirement that an FHA loan borrower be required to pay interest after the loan is prepaid. The move is needed because the requirement would effectively cause FHA loans to be prohibited under CFPB rules starting in January 2015. Comments on the proposal are due by May 12, 2014.… Continue Reading