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Troutman Sanders
OCTOBER 3, 2023
On September 29, the Commodity Futures Trading Commission (CFTC) announced that it filed charges against eight Florida-based entities for fraudulently claiming to be CFTC-registered futures commission merchants and retail foreign exchange dealers. The OCC Mortgage Metrics Report, Second Quarter 2023 showed that 97.3%
Troutman Sanders
OCTOBER 17, 2022
On October 13, the CFPB, the Federal Reserve Board, and the Office of the Comptroller of the Currency (OCC) announced that the 2023 threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans will increase from $28,500 to $31,000. On October 11, U.S. For more information, click here.
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Troutman Sanders
JANUARY 30, 2024
Securities and Exchange Commission (SEC) brought a record number of cryptocurrency-related enforcement actions in 2023, highlighting the commission’s growing focus on the digital asset sector. billion in civil monetary penalties since 2013, with $281 million collected in settlements in 2023 alone. For more information, click here.
Troutman Sanders
MARCH 11, 2024
The blog post posited that closing costs significantly impact a borrower’s financial commitment and, potentially, monthly payments and identified a “noticeable increase” in closing costs, with median total loan expenses on home purchase loans increasing by 21.8% between 2021 and 2022. For more information, click here.
Troutman Sanders
JANUARY 17, 2023
In November 2022, Genesis announced that it will prohibit retail investors from withdrawing their cryptocurrency deposits from Gemini Earn accounts due to liquidity risks. On January 11, the CFPB reached a settlement in its lawsuit against a law firm for illegal debt collection practices. For more information, click here.
Troutman Sanders
DECEMBER 4, 2023
On December 1, the House of Representatives approved a resolution to repeal a Consumer Financial Protection Bureau (CFPB) rule that mandated banks to gather data on loan applications from women-owned, minority-owned, and small businesses to help lenders identify business development needs and opportunities. billion in the third quart of 2023.
Troutman Sanders
DECEMBER 12, 2023
Department of Housing and Urban Development (HUD) announced an extension of the public comment date for its Notice of Proposed Rulemaking that would remove criminal conviction restrictions for fair housing testers by nine days, to January 11, 2024. billion in student loan debt relief for 80,300 borrowers.
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