Notarize and Title365 have announced they will partner on hybrid and fully digital residential real estate closings, empowering Title365 to expand its digital mortgage experience for signers in multiple states. Read on for more details.
It wasn’t much of a surprise that the Supreme Court concluded 12 U.S.C. §5491(c)(3), which provides the Consumer Financial Protection Bureau (CFPB) director with at-will protection from removal by the president, violates the separation of powers.
After all, even the Department of Justice – and CFPB Director Kathy Kraninger herself –previously had agreed the agency is unconstitutional. The justices’ next task in Seila Law v. CFPB wasn’t so straightforward.
Read on for highlights from the Supreme Court’s severability analysis.
The Consumer Financial Protection Bureau (CFPB) has issued a final rule on small-dollar lending to help ensure the continued availability of the products in the pandemic.
The rule rescinds the mandatory underwriting provisions of the 2017 rule after finding the legal and evidentiary bases for them insufficient, but does not rescind or alter the payments provisions of it.
Read on for more from CFPB Director Kathy Kraninger.
The Consumer Financial Protection Bureau (CFPB) has hired a full-time deputy director and announced leaders of the newly created Consumer Education and External Affairs (CEEA) Division.
Thomas Pahl, who has served as policy associate director for Research, Markets, and Regulations since April 2018, replaces former Deputy Director Brian Johnson, who left the bureau to return to private practice in February.
Read on to learn more about Pahl and the new CEEA members.
The Consumer Financial Protection Bureau (CFPB) wants the financial marketplace to know that it’s business as usual for the agency – despite the Supreme Court’s decision which found the bureau to be unconstitutional.
The CFPB recently ratified certain regulatory actions it took over the past eight years “out of an abundance of caution” in light of the June 29 decision in Seila Law v. CFPB.
After a man purchased a condominium in Washington, D.C., the man learned of various housing and D.C. code violations that encumbered his ability to enforce the rental agreement or sell the property. He sued his title company, arguing that the company and settlement agent breached their duties, resulting in his purchase of the property. Read on for more details.
With the extension to Aug. 11 of both the public health emergency by Gov. Brian Kemp and judicial emergency by the Georgia Supreme Court, Georgia notaries are permitted to perform remote in-person notarizations and attorneys are permitted to conduct remote closings to that date. Read on for more details.
The Financial Crimes Enforcement Network (FinCEN) issued an advisory to alert financial institutions to potential indicators of imposter scams and money mule schemes, which are two forms of consumer fraud observed during the COVID-19 pandemic. The advisory contains descriptions of these scams and schemes, financial red flag indicators for both, and information on reporting suspicious activity. Read on for more details.
Kansa Gov. Laura Kelly extended the state’s executive order temporarily allowing notaries and witnesses to act via audio-video communication technology to Sept. 15. This is the second extension of the order, which initially was issued April 9. Read on for more details.