July 21, 2017
- The Consumer Financial Protection Bureau (CFPB) battled with the Office of the Comptroller of the Currency over the public release of the CFPB’s new arbitration rule. Companies can no longer mandate arbitration clauses. As a result, consumers will be able to file class action lawsuits. This new rule mostly impacts credit card companies and banks.
- The National Mortgage Servicing Association (NMSA) wants to revamp how municipalities treat vacant and abandoned properties. The goal is to lessen the burden of servicing such properties. Another goal of the NMSA is to help reduce the number of occurrences of “vandalism, squatting, and violent crimes.”