News & Analysis as of

State Attorneys General Mortgage Servicers

Hudson Cook, LLP

The State Consumer Protection Beat: State AGs Kick Off 2025 with a String of Actions and Support for the CFPB

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The first two months of 2025 were filled with numerous consumer protection actions by state AGs against vehicle dealers and players in the mortgage space, among others. ...more

Snell & Wilmer

Financial Institutions Heads Up: CA Legislation Pending and Potential Increasing Scrutiny

Snell & Wilmer on

In a week where the Office of the Comptroller of the Currency (OCC) has a new Acting Director, Rodney Hood, who will focus on a “balanced framework – one that fosters innovation, expands financial inclusion, and ensures all...more

Cozen O'Connor

Massachusetts AG Settles with Mortgage Servicer over “Zombie” Mortgages

Cozen O'Connor on

Massachusetts AG Andrea Campbell settled with Franklin Credit Management Corporation (Franklin Credit), to resolve allegations that the mortgage servicer violated the commonwealth’s foreclosure-prevention law and debt...more

Cozen O'Connor

CFPB Launches Inquiry into Fees Imposed as Part of Mortgage Transactions

Cozen O'Connor on

The CFPB has launched an inquiry into so-called “junk fees” charged by mortgage providers and related settlement services, to better understand why closing costs continue to rise and the impact of such fees on borrowers and...more

Cozen O'Connor

The State AG Report – 5.2.2024

Cozen O'Connor on

Here are curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: •Florida AG Takes the Field Against Atlantic Coast...more

Cozen O'Connor

CFPB Crusade Against “Junk” Fees Continues in Examinations of Mortgage Servicers

Cozen O'Connor on

The CFPB announced that in its examination of mortgage servicers, it found that certain servicers violated truth-in-lending and other consumer protection laws designed to keep homeowners in their homes by charging homeowners...more

Orrick, Herrington & Sutcliffe LLP

California AG announces settlement with mortgage servicer

On September 1, California Attorney General (AG) Rob Bonta announced a settlement with a mortgage servicer for its alleged failure to properly process and grant mortgage deferment requests from California military reservists...more

Goodwin

NJ AG Enters into Consent Order with Mortgage Servicer

Goodwin on

On July 1,​​​​​​​ 2023, the New Jersey Division of Consumer Affairs, Office of Consumer Protection (Division) entered into a consent order with a national mortgage servicer. According to the Division’s press release, the...more

Orrick, Herrington & Sutcliffe LLP

Orrick State Attorneys General Newsletter – April 2022

State Attorney General Primary Runoffs Will Begin in May The office of Attorney General is on the ballot in 31 states in 2022, making it a very active year politically. The Orrick State Attorney General Team has published...more

Bradley Arant Boult Cummings LLP

Servicers That Fail to Prepare, Prepare to Fail, Warns NY AG

In a December 13, 2021 letter to servicers, New York Attorney General Letitia James reminded servicers of their continuing obligations to assist New Yorkers amidst the pandemic and warned of enforcement actions against...more

Bradley Arant Boult Cummings LLP

A Tale of Two Crises: What 2008 Foreclosures Can Teach Us About Attorney General Enforcement Following COVID-19

Moratoriums on foreclosures due to COVID-19 ended this summer, prompting concerns of a shock similar to the 2008 housing crisis. While there are numerous differences between today and the previous recession, financial service...more

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