As part of the House Committee on Financial Services' March 7 Hearing, "Putting Consumers First? A Semi-Annual Review of the Consumer Financial Protection Bureau," Scott S. Weltman, Managing Shareholder of Weltman, Weinberg & Reis Co., LPA (Weltman), was invited to testify as to the firm's experience...
The CDC and GSE's, under pressure from the House Financial Services Committee, have announced that they will extend the foreclosure and eviction moratorium one last time through July 31, 2021, to permit the CFPB to finalize and implement its pandemic recovery mortgage servicing rules.
The CFPB's 2021 Mortgage Servicing COVID-19 Rule will be effective August 31st, 2021. Among other things, this Rule requires specified communications with a delinquent borrower prior to commencing a foreclosure.
As we enter the second quarter of 2021, let us look back at some of the consumer litigation trends of this past year and begin to analyze some of the data. These trends continue to affirm some long-standing trends found in cases involving the consumer litigation filings for the FDCPA, TCPA, and FCRA.