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May

2
2023
Compliance

Consumer tip: Which robocalls are legal

If you answer the phone and hear a recorded message instead of a live person, it’s a robocall. A robocall trying to sell something is illegal without written permission.

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May

1
2023
Industry News

CFPB Proposes New Consumer Protections for Homeowners Seeking Clean Energy Financing

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) proposed a rule to implement a Congressional mandate to establish consumer protections for residential Property Assessed Clean Energy (PACE) loans. PACE loans, secured by a property tax lien on the borrower’s home, are often promoted as a way to finance clean energy improvements such as solar panels.

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May

1
2023
Industry News

US regulators seize First Republic and sell 'substantially all assets' to JPMorgan in largest bank failure since 2008 crisis

Regulators seized First Republic (FRC) early on Monday and sold the bulk of the bank's operations to JPMorgan Chase (JPM) in the largest bank failure since the 2008 financial crisis.

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May

1
2023
Industry News

Attorney General James Takes Action to Protect New Yorkers’ Homes and Combat Deed Theft

NEW YORK – New York Attorney General Letitia James, State Senator Brian Kavanagh, State Senator Zellnor Myrie, and Assemblymember Helene Weinstein today announced new legislation to strengthen protections and remedies for victims of deed theft and bolster the Office of the Attorney General’s (OAG) ability to prosecute these crimes.

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May

1
2023
Industry News

Colorado Supreme Court Confirms Bankruptcy Discharge Does Not Trigger Statute of Limitations to Recover Debt

Colorado just became the latest state to recognize that a borrower’s bankruptcy discharge does not accelerate secured installment debt or trigger the final statute of limitations period to recover the debt.

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