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CFPB Probing Alleged "Junk Fees" in Mortgage Closing Costs | Troutman Pepper

CFPB Probing Alleged "Junk Fees" in Mortgage Closing Costs | Troutman Pepper
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CFPB Highlights Junk Fees in Mortgage Servicing in Recent Report

On April 24 2024 Consumer Financial Protection Bureau CFPB published supervisory highlights describing ongoing concerns regarding junk fees in mortgage servicing.

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How surging escrows are exposing servicers to new risks

Unusual spikes in property taxes and insurance in many areas are causing servicing concerns that mortgage companies may not be used to managing.

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Supervisory-highlights

United States - Financial Services - CFPB Releases Report Highlighting Junk Fees In Mortgage Servicing

On April 24, 2024, the CFPB unveiled its latest edition of Supervisory Highlights, shedding light on its ongoing battle against what it deems as "junk fees" imposed by mortgage servicers.

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CFPB Releases Report Highlighting Junk Fees In Mortgage Servicing

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