Are servicers finally off the CFPB’s hit list?

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A quick perusal of the new supervisory report from the Consumer Financial Protection Bureau might finally be a sign that servicers are no longer at the top of the bureau’s hit list.

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student loan servicing and servicers generally have discretion to determine policies related to many aspects of servicing operations. In May 2015, the Bureau joined with the Department of Education and the Department of the Treasury to launch a public inquiry into student loan servicing practices. The

 · In its ninth issue of the quarterly supervisory report, the CFPB highlighted its supervisory findings from May 2015 and August 2015. Examiners found illegal conduct in student loan servicing, mortgage lending, consumer reporting, and debt collection.

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The biggest news about the Consumer Financial Protection Bureau’s rulemaking to-do list may not be the items topping the agenda – but what was left off of it. The agency’s recent spring rulemaking agenda includes significant items, including a new process for collecting small-business lending data as well as plans to update underwriting.

Are Servicers Finally Off the CFPB’s Hit List? Mortgage Company Sues Owners of 400 Georgetown Homes over Titles. Wharf Street Acquires Majority Stake in kroll bond rating agency. Still Reeling From New Disclosure Rule, Lenders Fear HMDA Reporting Gross Says Fed Should ‘Switch’, Not ‘Twist,’ to.

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However, a quick perusal of the new supervisory report from the CFPB might finally be a sign that servicers are no longer at the top of the bureau’s hit list. The vendetta against servicers by the head of the bureau goes a long way back.