A&B Abstract: In an effort to position itself as the “Regulator of the Future,” the New York State Department of Financial Services (“NYDFS”) recently launched the Research and Innovation Division, which will be responsible for ensuring that the … [Continue reading] about New York DFS Launches Research and Innovation Division
A&B Abstract: With the January 2021 expiration of the so-called “QM Patch” looming, what courses of action are available to the CFPB? Background One of the most vexing issues currently facing the Consumer Financial Protection Bureau (“CFPB”) … [Continue reading] about The Fate of the QM Patch
A&B Abstract: Maine’s New Student Loan Bill of Rights requires the licensing of any person acting as “directly or indirectly” as a student loan servicer. What might that mean for passive, secondary market investors in student loan … [Continue reading] about Will Maine begin to regulate passive, secondary market investors in student loan debt?
On April 30, we detailed several proposed amendments to the California Consumer Privacy Act (the “CCPA”) that were advancing in the State Assembly (see our previous blog post here). Since then, a number of the proposed amendments passed the Assembly … [Continue reading] about Potential Changes to the CCPA; California Senate Considers Amendments
A&B Abstract: If enacted, the recently introduced Appraisal Reform Act of 2019 would amend RESPA to require the disclosure of the appraisal management fee separate from the appraisal fee on the loan estimate (LE) and closing disclosure (CD). … [Continue reading] about Appraisal Reform Act of 2019 Would Impact TRID