The CFPB and the Residential Mortgage Industry:Practical Guidance on Complying with theServicing Rules, Implementing Lessons Learnedfrom Recent CFPB Enforcement Actions andExaminations, Gauging the Bureau’s Approachto UDAAP Issues…
Speakers
Paul H. Schieber
Partner
Stevens & Lee, PC
Michael S. Waldron
Ballard Spahr LLP
- How the servicing rules have impacted the industry so far
- Lessons learned and pitfalls to avoid
- Best practices for ensuring compliance
- Litigation risks arising from the new rules
- Practical experiences with litigation to date
- CFPB examinations – what to expect
- What are examiners looking for?
- Practical guidance on how best to prepare
- Enforcement and litigation risks arising from an examination
- CFPB enforcement actions
- Status and assessment of recent enforcement cases
- How companies are responding
- What to expect going forward
- The amalgamation of RESPA and TILA
- Changes to the QWR provisions
- The CFPB’s mortgage loan complaint process
- Amicus program: analysis of cases filed so far
- The CFPB and UDAAP
- Why UDAAP violations should be of paramount concern to lenders and servicers
- Which acts and practices put lenders and servicers at greatest risk for UDAAP violations?
- Assessing the definition of ‘abusive’ practices
- Potential pitfalls for the mortgage industry
- What aspects of origination and servicing may be ‘abusive’?
- Lessons learned from recent enforcement actions
- Addressing potential UDAAP concerns
- Minimizing exposure to UDAAP issues
- What to expect from the CFPB in the coming months
- Potential changes to the new rules