CFPB EClosing Pilot Report

CFPB eClosing Pilot Report

The CFPB recently published a report on its "Know before you Owe" E-closing project.  The report concluded that borrowers can benefit from electronic closings when navigating the mortgage closing process, the results indicating that those who closed their mortgage using an…

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FTC Goes After Title Lenders

FTC Goes After Title Lenders

The FTC recently announced it entered into two consent orders with car dealers doing title lending, alleging that these dealers failed to disclose the terms and conditions of the loans to consumers and misrepresented material terms of its loan agreements. …

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CFPB Larger Participant Rule

CFPB Larger Participant Rule

On June 10, 2015 the CFPB Published their Exam Procedures for the "Larger Participant Rule". An Excerpt from the release: "Auto loans and leases are among the most significant and complex financial transactions in a typical consumer's life" Richard Cordray,…

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