Tag Archives: CFPB

CFPB to Examine Service Providers—Are You Affected? June 13 Webinar Has Answers!

A recent blog by law firm Ballard Spahr reports the Consumer Financial Protection Bureau (CFPB) has begun to examine service providers on a regular, systematic basis, particularly those supporting the mortgage industry.  The blog recounts information provided by the CFPB during an American Bar Association (ABA) Business Law Section meeting held May 7, 2017, stating: … Continue Reading

ALTA Advocates for Agents by Asking CFPB for Support of Best Practices

For the past 10 years, lenders repeatedly have been asked by their regulators, and recently the CFPB, to demonstrate they are exercising appropriate due diligence and supervision over the title and closing agents who handle their customer’s non-public, personal information. Lenders also are required to demonstrate that closing agents are treating all consumers fairly as … Continue Reading

Self-Certification: Buyers and Sellers Beware

So far, our blog series  has covered “Current Lender Requirements for ALTA Best Practices Adherence,” “An Initial Look at Available Best Practices Adoption Data,” “ALTA Best Practices—Who is Requiring What,” and “Motivating Forces Behind Lender Best Practices Requirements.” In this blog, we’ll look at the pros and cons associated with submitting a “self-certification” of compliance. … Continue Reading

ALTA Best Practices–Who Is Requiring What

In the previous blog,  “An Initial Look at Available Best Practices Adoption Data,” we took a general look at ALTA’s list of lenders who are currently asking for some level of adherence to Best Practices.   In this blog, we will take a deeper dive into what is being required, and by whom, when it comes … Continue Reading