FHFA Setting Capital Rules for Nonbank Mortgage Firms
The Federal Housing Finance Agency will require nonbank mortgage firms to meet minimum liquidity and net worth standards to curb risks to taxpayers from the rapidly expanding industry. News
Firms Settle FTC’s First Case Against Car Title Lenders
Two car title lenders settled Federal Trade Commission charges requiring them to stop using deceptive advertising to market title loans. The complaints mark the first time the FTC has taken action against car title lenders. Collection & Credit Risk
Foreclosure Firms Agree to $1.8M Settlement
Three Colorado law firms accused of inflating foreclosure costs charged to homeowners and padding bills with unauthorized expenses agreed Thursday to settle lawsuits filed by outgoing Colorado Attorney General John Suthers. Collection & Credit Risk
Foreclosure Firms Agree to $1.8M Settlement
Three Colorado law firms accused of inflating foreclosure costs charged to homeowners and padding bills with unauthorized expenses agreed Thursday to settle lawsuits filed by outgoing Colorado Attorney General John Suthers. Collection & Credit Risk
Dozens of Mortgage Relief Firms Cited by CFPB, States Over Mod Scams
Two federal agencies and 15 states have taken more than 40 actions against foreclosure relief operations, alleging the firms charged distressed borrowers millions of dollars in fees without following through on service. News
Illinois AG Sues Two Student Loan Firms Over Debt Scams
Illinois Attorney General Lisa Madigan filed lawsuits Monday against two student loan servicers, alleging the unlicensed companies imposed illegal fees on delinquent student loan borrowers and deceptively marketed debt solutions. Collections - Other Consumer
