Compliance Newshub
Legal News

This topic consolidates everything you need to know to stay informed including prominent industry advocacy movements, current regulatory enforcement actions, and judicial rulings impacting mortgage banking.

News Search

From
To
Search

December 01, 2021

Duo Indicted on Federal Charges in Real Estate Scheme

Mortgage Fraud Blog -- Stephanie Abbott

Two people were indicted on federal charges for a scheme in which they allegedly used fraudulent property deeds to steal residential real estate property in the District of Columbia.

View Source

November 30, 2021

State Attorneys General Support FCC Fight Against Robocalls

51 attorneys general across the country signed a letter to support the Federal Communications Commission (FCC) in the fight against robocalls by restricting access to numbering resources and urging further action.

View Source

Are You Up to Date?

Search our Compliance Calendar for current regulatory changes & updates.

Search Now

November 29, 2021

Florida Woman Convicted of COVID-19 Relief Fraud

On November 24, 2021, Keyaira Bostic of Pembroke Pines, Florida, was convicted for fraudulently obtaining a Paycheck Protection Program (PPP) loan guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

View Source

November 24, 2021

2021 Do Not Call Registry Data Book Released by FTC

The Data Book provides the most recent fiscal year information available on robocall complaints, the types of calls consumers reported to the FTC, and a complete state-by-state analysis.

View Source

November 24, 2021

FBI, CISA Warn of Ransomware Threat During Holiday Season

The Cybersecurity and Infrastructure Security Agency (CISA) and the Federal Bureau of Investigation (FBI) issued a reminder and best practices for organizations to take appropriate precautions to reduce their risk of cyberattacks around the holiday season.

View Source

November 19, 2021

DOJ and HUD Sign False Claims Act MOU

A Memorandum of Understanding (MOU) between the Departments of Justice and Housing and Urban Development that sets forth guidance on the appropriate use of the False Claims Act (FCA) for violations by Federal Housing Administration (FHA) lenders was signed.

View Source
Introducing: ACES PROTECT®

Introducing: ACES PROTECT®

Automated compliance tests to ensure compliance on more loans in less time

Learn More

November 10, 2021

CFPB Report - Mortgage Servicing Efforts in Response to the Pandemic

The CFPB has released a report summarizing its work to help homeowners avoid foreclosure

View Source

November 10, 2021

CFPB issues report on credit report disputes

Consumer Finance Monitor - John Culhane, Jr

A new report published by the CFPB looks at demographic characteristics of disputers and the outcome of disputes on auto loans, student loans, general purpose credit cards, and retail credit cards opened between 2012 and 2019.

View Source

November 03, 2021

FDIC Issues List of Banks Examined for CRA Compliance

he Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in August 2021.

View Source

November 03, 2021

OCC Releases CRA Evaluations for 15 National Banks and Federal Savings Associations

The Office of the Comptroller of the Currency (OCC) released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of October 1, 2021 through October 31, 2021.

View Source
Learn Why Clients Love ACES

Learn Why Clients Love ACES

"ACES has made my life so much easier from a QC perspective. It's life-changing"

- Kelly Cooper Spencer, QC & Business Intelligence Data Manager at Thrive Mortgage

Hear Why

November 03, 2021

Man Guilty of Fraud Scheme Targeting Various Financial Institutions

Mortgage Fraud Blog

On October 26, 2021, Ira Morya David of Irving, Texas, pleaded guilty to conspiracy to commit wire fraud.

View Source

October 29, 2021

FDIC Makes Public September Enforcement Actions; No Administrative Hears Scheduled for November 2021

The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in September and announces that there are no administrative hearings scheduled for November 2021.

View Source

October 28, 2021

Seven Defendants Sentenced in $10 Million Mortgage Fraud Scheme

Mortgage Fraud Blog--Rachel Dollar

Seven defendants from Florida and New Jersey were sent to federal prison for their roles in a fraud scheme that involved stealing identities, creating and using fake foreign passports, impersonating homeowners, and falsifying loan documents to trick lenders into providing millions of dollars of mortgage loans on unencumbered residential properties.

View Source

October 28, 2021

Two Charged with Defrauding HUD Program

Mortgage Fraud Blog--Rachel Dollar

J. Reed Pirain and Renee Vasilko of Pennsylvania have been indicted by a federal grand jury in Pittsburgh, on conspiracy and fraud charges alleging they knowingly and willfully conspired to defraud HUD by bidding on and purchasing property as intended homeowners, only to renovate and the sell the property for profit.

View Source

Stay Informed, Subscribe to the Compliance Newshub