CFPB Supervisory Highlights, Mortgage Servicing Edition, Shed Light on Agency Priorities – “Junk Fees” and Loss Mitigation
By EsqSocial Corporation 26/04/24
The CFPB released its Supervisory Highlights, Mortgage Servicing Edition on April 24, 2024. These highlights share the CFPB’s findings from supervisory examinations completed between April 1, 2023, and December 31, 2023. Although only a portion of the Supervisory Highlights addresses fees, as discussed below, the CFPB’s Newsroom article is titled “CFPB Takes Action to Stop Illegal Junk Fees in Mortgage Servicing,” once again emphasizing the bureau’s laser focus on “exploitative illegal fees,”...
By: Bradley Arant Boult Cummings LLP