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On April 24 2024 Consumer Financial Protection Bureau CFPB published supervisory highlights describing ongoing concerns regarding junk fees in mortgage servicing.
Unusual spikes in property taxes and insurance in many areas are causing servicing concerns that mortgage companies may not be used to managing.
On April 24, 2024, the CFPB unveiled its latest edition of Supervisory Highlights, shedding light on its ongoing battle against what it deems as "junk fees" imposed by mortgage servicers.
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On April 24, 2024, the Consumer Financial Protection Bureau (CFPB) continued its assault on fees in the consumer finance industry. In its most recent edition of Supervisory Highlights,...