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Tag Archives: servicing

CFPB proposes supervision of nonbank private and federal student loan servicers

By John L. Culhane, Jr. on Posted in Student Loans

The CFPB has issued a proposal to supervise nonbank student loan servicers who qualify as “larger participants” in the student loan servicing market.  The CFPB already supervises student loan servicing by larger banks.  It also already supervises, without regard to their size, nonbanks that offer or provide private student loans and student loan servicing by such… More >

CFPB issues final rules on mortgage servicing, appraisals and loan originator compensation

By Richard J. Andreano, Jr., on Posted in Mortgages

The regulatory barrage continued last week with the CFPB issuing the last batch of mortgage-related rules it was required to finalize by the Dodd-Frank Act’s January 21 deadline.    On January 17, the final rules implementing provisions of the Dodd-Frank Act that relate to mortgage servicing were issued. The servicing rules will take effect on January… More >

Mortgage loan model forms in the works

By Richard J. Andreano, Jr., on Posted in CFPB Rulemaking, Mortgages

The CFPB is getting ready to test model forms and disclosures as part of its rulemaking under Dodd-Frank Title XIV.  According to a Paperwork Reduction Act notice published in the Federal Register, the CFPB has determined that model forms and disclosures are required for the mortgage servicing rules it must issue in final form by… More >