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Rescission for a Rented Home
By Diane Dean
| May 08, 2025
We recently received an interesting question about whether the right of rescission applies to the...
CFPB Takes Action Against Mortgage Lender
By Diane Dean
| Feb 26, 2025
On January 17th, the CFPB took action against Draper & Kramer Mortgage Corporation for...
Will Section 1071 Go Away?
By Diane Dean
| Feb 17, 2025
With the CFPB seemingly being shut down, at least temporarily, we’ve been asked a lot about what...
Stay of 1071 Compliance Dates for ABA, ICBA Banks
By Diane Dean
| Feb 10, 2025
The United States Court of Appeals for the Fifth Circuit has granted a stay on Section 1071’s...
Zelle & Cash App Criticized by CFPB
By Diane Dean
| Feb 03, 2025
In case you missed it, Cash App and Zelle have been in the CFPB’s crosshairs recently. First, the...
Section 1071: Collecting Sex/Gender
By Diane Dean
| Jan 30, 2025
When it comes to collecting demographic information under Section 1071, things may look a little...
Section 1071: Application Method
By Diane Dean
| Jan 13, 2025
When it comes to reporting Section 1071 data, a financial institution must indicate whether a...
OFAC Updates Rules Related to Blocked Property
By Diane Dean
| Oct 14, 2024
OFAC has issued a Final Rule that clarifies its process for blocked property and related actions....
Consent Order on Mortgage Servicing
By Diane Dean
| Sep 05, 2024
Mortgage servicing requirements have changed quite a bit over the years and there are likely more...