Law firms and individual attorneys offering debt relief services were sued today by the CFPB for collaborating to allegedly charge “illegal fees” to consumers seeking debt relief, the consumer agency announced today. The suit filed […]
An executive order that any new, proposed federal regulation would have to be offset by repeal of “at least two” existing regulations may not apply to independent agencies — such as most of the federal […]
J. Mark McWatters is the new acting chairman of the NCUA Board, replacing Rick Metsger, as the result of a White House designation Thursday, according to a report by CUToday.info. McWatters, a Republican, has served […]
A federal court has dismissed a lawsuit against NCUA’s new member business loan (MBL) rule on procedural rules, but only after also pointing out that the suit would have been dismissed on its merits as […]
A Pennsylvania real estate title company has been fined $65 million for “improper actions” by its predecessor company as a result of action by three federal financial institution regulatory agencies today. Service Link Holdings LLC, […]
The federal regulatory freeze announced Friday by the Trump administration does not likely affect federal financial regulatory agencies, according to one law firm’s interpretation. The firm of Davis Polk on Saturday posted an analysis that […]
A number of federal agencies have filed “letters of withdrawal” for new and proposed rules, in line with President Donald Trump’s Jan. 20 order for a “regulatory freeze pending review.” However, none of the federal […]
The hiring freeze imposed by President Donald Trump Monday on federal agencies is short on several details, but one thing is clear: on its face, it is meant to apply to all executive departments and […]
“Giving the runaround” to homeowners seeking options to save their homes is cited as the impetus behind a $28.8 million order by the CFPB to two mortgage servicing subsidiaries of one of the nation’s largest […]
A freeze on new regulation that could affect a number of pending rules recently issued by federal financial institution regulators was signed by President Donald Trump Friday evening. The freeze requires that new rules that […]
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