4+ day, 11+ hour ago  (280+ words) The OCC finalized, without substantive changes, the rule affirming national banks" and federal savings associations" flexibility to establish and maintain escrow accounts and to make business judgments regarding their terms'including whether and to what extent to pay interest or other…...

6+ day, 7+ hour ago  (879+ words) Today's episode of the Consumer Finance Monitor Podcast features a wide-ranging and timely discussion about one of the most consequential fair lending developments in years: the CFPB's final rule fundamentally reshaping enforcement under the Equal Credit Opportunity Act (ECOA) and…...

6+ day, 9+ hour ago  (413+ words) On May 6, the plaintiff in a certified class action in the U. S. District Court for the Middle District of North Carolina moved, and filed a supporting memorandum, for preliminary approval of a $9 million settlement with a mortgage loan servicer over allegations…...

6+ day, 9+ hour ago  (443+ words) On May 6, Fannie Mae issued a Selling Guide announcement, updating requirements in four areas: (i) Remote Online Notarization (RON): Fannie Mae removed the requirement for sellers and servicers to retain a video recording of the remote notarial ceremony for RON closings,…...

2+ week, 4+ day ago  (482+ words) On January 20, 2026, the Court of Appeals of Virginia affirmed an order quieting title and declaring an LLC's deed of trust void. Although the lender was presented with false underwriting documents, the court held it could not invoke Va. Code " 13. 1-1021. 1(C) of…...

1+ week, 4+ day ago  (424+ words) A federal bankruptcy court rejected a novel usury theory in an adversary proceeding arising out of the bankruptcy of a collegiate apparel company. .. .By: King & Spalding Michigan Bankruptcy Court Rejects Usury Theory for Future Receipts Sale A federal bankruptcy court…...

1+ week, 5+ day ago  (608+ words) Introduction - On April 28, 2026, the federal government released the 2026 Spring Economic Update, followed by the tabling of Bill C-30, the Spring Economic Update 2026 Implementation Act. Together, they introduce several new measures aimed at updating financial institution legislation, regulating digital assets and combating…...

1+ week, 1+ day ago  (348+ words) A recent decision from the U. S. Bankruptcy Court for the District of South Carolina, found here, delivers a clear and practical warning for lenders, special assets teams, and other creditors: if you want a Chapter 11 plan confirmed " or want leverage over…...

1+ week, 1+ day ago  (102+ words) Efficiency, flexibility and speed are core features of subscription credit facilities. Because subscription credit facilities operate on a fast'paced timeline, notice periods are intentionally short and precise. This structure obligates both lenders and borrowers to act on an expedited basis…...

2+ week, 4+ day ago  (474+ words) Washington lenders have long relied on non-judicial trustee sales as the primary (and less expensive) mechanism for resolving defaulted home loans. For decades, courts and lenders considered home equity lines of credit (HELOCs) secured by deeds of trust as eligible…...