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Nutter Bank Report: April 2022 | Nutter McClennen & Fish LLP

FDIC Directs Banks to Provide Notice Before Engaging in Crypto-related Activities According to guidance recently issued by the FDIC, banks that it supervises and that intend to engage.

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Daily Decision Recap: Anxiety, Confusion and Legal Fees Were Not Sufficient Injury to Establish Standing

Daily Decision Recap: Anxiety, Confusion and Legal Fees Were Not Sufficient Injury to Establish Standing
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Helping mortgage servicers meet borrowers expectations

Mortgage Servicers are under pressure to keep borrower satisfaction high while meeting regulations. Industry expert Neil Armstrong shares some challenges mortgage servicers are seeing and what it will take to make it easier for them to meet borrower and regulator expectations.

Mortgage servicersNeil armstrongGlobal headMortgage verticalDigital mortgagesCustomer engagementCustomer experience

Mortgage Servicers Must Adapt to New Regulatory Realities; Consulting Firms Can Help

Mortgage Servicers Must Adapt to New Regulatory Realities; Consulting Firms Can Help
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Zachary rossMortgage servicers

CFPB Focus on Mortgage Servicers and Loss Mitigation Programs

CFPB noted increase in borrowers needing loss mitigation assistance and cited mortgage servicers for violations relating to loss mitigation: charging fees in violation of the CARES Act and failure to evaluate complete loss mitigation applications in violation of Regulation X

Consumer financial protection bureauFall supervisory highlightsCoronavirus aidEconomic securityFinancial institutions and bankingFpb regulationLoss mitigationMortgage servicersOrtgage servicer loss mitigationAres act violationsEgulationx violations