Chester County News and Community Website
WASHINGTON, D.C. — Six federal regulatory agencies have announced a crucial new rule aimed at bolstering the credibility and integrity of automated valuation models (AVMs) used in mortgage valuations. This …
Federal Agencies Implement New Rule to Ensure Accuracy in Mortgage Valuations Read More
WASHINGTON, D.C. — A group of Democratic senators is calling on the Consumer Financial Protection Bureau (CFPB) to ensure Electronic Benefits Transfer (EBT) cards are included in a forthcoming rule …
Senators Press for EBT Card Protections in Upcoming CFPB Rule Read More
WASHINGTON, D.C. — The Federal Financial Institutions Examination Council (FFIEC) has released detailed data on mortgage lending transactions for 2023, offering a comprehensive overview of the U.S. mortgage market. This …
FFIEC Releases 2023 Mortgage Lending Data, Reveals Trends and Insights Read More
WASHINGTON, D.C. — Potential relief is on the horizon for homeowners grappling with mortgage woes, thanks to new rules proposed by the Consumer Financial Protection Bureau (CFPB). The bureau is …
Home Sweet Home: CFPB Proposes Sweeping Changes to Protect Struggling Homeowners Read More
WASHINGTON, D.C. — In the world of banking, another scandal unfolds as the Consumer Financial Protection Bureau (CFPB) brings the hammer down on Fifth Third Bank. The bank, with an …
Fifth Third Bank Racked with $20M Fine for Illegal Practices Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) recently disclosed alarming findings from in-depth investigations of auto loan, student loan services, debt collectors, and ancillary financial service providers. The …
Revealing Unfair Practices: How Financial Service Providers May Cheat Customers Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) have published updated data from the National Survey of Mortgage Originations (NSMO). This latest …
CFPB and FHFA Release New Data on Mortgage Trends Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has extended the compliance deadlines for the small business lending rule, following a series of legal proceedings that temporarily halted its …
CFPB Extends Compliance Deadlines for Small Business Lending Rule Read More
ROCHESTER, NY — Sutherland has issued a response to the Consumer Financial Protection Bureau‘s (CFPB) recent actions regarding work it performed as a subcontractor for NOVAD Management Consulting, which concluded …
Sutherland Responds to CFPB Agreement Over NOVAD Subcontract Read More WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has brought the hammer down on a major reverse mortgage servicing operation. This decisive action follows a concerning discovery by the …
Crackdown on Reverse Mortgage Servicers: A Victory for Aging Homeowners Read More