Consumer Financial Protection Bureau Tag

Ocwen Mortgage Massachusetts

Ocwen Ordered to Cease Mortgage Operations in Massachusetts

Ocwen, one of the largest mortgage servicers in the country, faces regulatory action from both the state and federal levels for “failing borrowers at every stage of the mortgage servicing process,” including mishandling mortgage accounts and botching loan modifications. The federal Consumer Financial Protection Bureau sued...

Consumer Protection Rights

Consumer Protections at Risk of Being Rolled Back; How to Help

The new administration announced plans to roll back consumer protections via an Executive Order. Although the order is vague, it essentially gives the U.S. Department of the Treasury instructions to restructure and limit the Dodd-Frank Act, the law passed to increase consumer protections after the...

CFPB Issues New Guidelines for Loan Modification Procedures

The Consumer Financial Protection Bureau recently issued new regulations governing loan modification procedures, which went into effect on January 10, 2014. With few exceptions, these rules must be complied with by all mortgage servicers. And homeowners now have a clear ability to sue their servicers...

CFPB’s Plan to Monitor Credit Bureaus

Credit bureaus collect all sorts of information about us from credit card companies. This information affects whether you can get a mortgage, a credit card, an apartment, and virtually every aspect of your financial life. ...

Friend or Foe? Debt Collectors Get Social Too

Debt Collectors are using social networking sites to search for debtors by name and attempt to be their “friend”. Once your profile is accessible, an abundance of personal information can be exposed. ...