CFPB Focus on Mortgage Servicers and Loss Mitigation Programs
CFPB noted increase in borrowers needing loss mitigation assistance and cited mortgage servicers for violations relating to loss mitigation: charging fees in violation of the CARES Act and failure to evaluate complete loss mitigation applications in violation of Regulation X
Consumer Financial Protection Bureau Fall Supervisory Highlights Coronavirus Aid Economic Security Financial Institutions And Banking Fpb Regulation
Source: natlawreview.com