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Legal Update

A Spur or a Burr? CFPB Issues New Exam Procedures and Supervisory Highlights on Mortgage Servicing

29 June 2016
Mayer Brown Legal Update
For those who thought that the Consumer Financial Protection Bureau (CFPB) may be getting bored with US mortgage loan servicing as it turns its attention to arbitration clauses, payday lending and other non-mortgage consumer credit issues, no such luck. Last week, the CFPB released a “special edition” of its Supervisory Highlights focused on examinations of mortgage servicers and an update to the mortgage servicing chapter of the CFPB Supervision and Examination Manual—releases that the CFPB said are intended to “spur industry in its general compliance with CFPB rules.”


  • Laurence E. Platt
    T +1 202 263 3407
  • Melanie Brody
    T +1 202 263 3304
  • Christa L. Bieker
    T +1 202 263 3438
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