Details

  • Service: Advisory, Risk Consulting, Financial Risk Management
  • Industry: Banking & Capital Markets
  • Type: Publication series
  • Date: 10/3/2012

Regulatory Practice Letter #12-17 

Mortgage Servicing Standards - CFPB Proposed Rule

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The Bureau of Consumer Financial Protection (“CFBP” or “Bureau”) released two proposed rules on August 10, 2012 that would amend Regulation X, which implements the Real Estate Settlement Procedures Act (“RESPA”), and Regulation Z, which implements the Truth-in-Lending Act, as well as the official staff commentary to each regulation in order to impose new mortgage servicing rules.