Legislation to impose taxes on mezzanine debt and preferred equity investments, payable by building owners, is still a possibility in New York state. Trouble for the multifamily sector?

The megabank has agreed to pay $11.5 million to resolve a class action law-suit accusing it of violating state laws by failing to pay interest on funds held in mortgage escrow accounts.

Among the key risks highlighted with the use of AI: explainability, data usage and dynamic updating...

The bureau intends to fully exercise its supervisory and enforcement authority now that many financial institutions have developed more robust remote capabilities and demonstrated improved operations.

In what one law firm says will be a prelude to enforcement in the area, the bureau is seeking comments on industry use of AI.

Legal experts are mulling whether the bureau has the authority to do so. Implications.

Several industry and consumer groups believe the CFPB should stick with the July 1 mandatory compliance date for the new QM rules.

According to industry attorneys, a delay in implementation may provide the bureau an opportunity to propose substantive changes to the rule.

The CFPB’s warning to servicers: There is no time to waste, no excuse for in-action and no reason to be surprised by what is coming.

Despite government prohibitions, there are reports major multistate landlords are forcing people out of their homes, the two federal agencies noted.