The Compliance NewsHub

Your Financial Credit & Compliance Research Library.

Compliance Updates and News that Matter

The Compliance NewsHub delivers mortgage, credit and compliance headlines and breaking news to help compliance and quality control professionals easily find relevant news and important regulatory dates.

Recent News

State News | November 23, 2020

Home Equity Lending Interpretation Amendments Adopted by the Finance Commission of Texas and Texas Credit Union Commission

Black, Mann & Graham LLP

The Finance Commission of Texas and the Texas Credit Union Commission adopted amendments to multiple home equity lending regulations, including technical edits, updates, and repeals; effective November 26, 2020.

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Agency | GSE News | November 23, 2020

USDA Launches AskUSDA, Improves and Streamlines Customer Experience

USDA launches the AskUSDA Contact Center program, which will serve as the “one front door” for phone, chat, and web inquires, transforming how the public interacts with USDA and providing an enhanced experience for the public.

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Legal News | November 23, 2020

Consumer Financial Protection Bureau Sues Debt Settlement Company FDATR, Inc., and Owners Dean Tucci and Kenneth Wayne Halverson

The CFPB filed a lawsuit against a student-loan debt relief and credit-repair services company for violating the Telemarketing Sales Rule (TSR) by engaging in deceptive and abusive telemarketing acts or practices and the Consumer Financial Protection Act of 2010 (CFPA) through deceptive acts or practices.

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Legal News | November 23, 2020

Consumer Financial Protection Bureau Settles with U.S. Equity Advantage, Inc. and Its Owner, Robert M. Steenbergh, for Deceptive Sales Practices

The CFPB issued a consent order against an auto loan finance company for misleading statements in disclosures and advertisements of its auto loan payment program in violation of Unfair, Deceptive, & Abusive Acts and Practices (UDAAP).

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Federal Legislation | November 23, 2020

CFPB 2021 HMDA Filing Instructions Guide Update

The CFPB has published an update to the Filing Instructions Guide (FIG) for data collected in 2021.

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Legal News | November 20, 2020

DOJ sues NAR for alleged antitrust violations

Housingwire--James Kleimann

The Department of Justice has filed a lawsuit against the National Association of Realtors alleging violations of the antitrust law, including commission arrangements and consumer disclosure requirements.

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Industry News | November 20, 2020

OCC Proposes Fair Access Rule

The OCC has released a proposed rule to ensure fair access to banking services.

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Industry News | November 20, 2020

Why the NAHB sees positivity in multifamily

Mortgage Professional America – Candyd Mendoza

The market for newly-built apartments and condos continued to show progress in the third quarter of 2020.

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