On March 8, 2018, the Consumer Financial Protection Bureau (CFPB or Bureau) finalized certain changes to its mortgage servicing rules. The Bureau issued a final rule1 to provide mortgage servicers with more flexibility and certainty regarding requirements to communicate with borrowers under the CFPB’s 2016 mortgage servicing amendments.
Background
USA, Banking, Insolvency & Restructuring, Real Estate, Kilpatrick Townsend & Stockton LLP, Bankruptcy, Debtor, Consumer Financial Protection Bureau (USA), Truth in Lending Act 1968 (USA)