CFPB Extends Comment Period for Debt Collection Proposal

The Consumer Financial Protection Bureau announced Friday it extended the comment period by 30 days on its Notice of Proposed Rulemaking implementing the Fair Debt Collection Practices Act.

MBA Offers FTC Recommendations on Safeguarding Customer Information

In the wake of yet another high-profile data security breach, this time involving Capital One, the Mortgage Bankers Association this week sent a letter to the Federal Trade Commission offering recommendations on a proposed rulemaking on standards for safeguarding customer information.

1Q Foreclosure Auction Prices Hit Record High

Auction.com, Irvine, Calif., said average sales price for properties sold at foreclosure auction in the first quarter rose to $147,115, up 8 percent from the previous quarter and up 7 percent from a year ago to the highest level as far back as data is available.

CoreLogic: Fraud Risk Index Down Sharply in 2Q

CoreLogic, Irvine, Calif., said its National Mortgage Application Fraud Risk Index decreased significantly, from 152 in first quarter to 132 in the second quarter.

MBA, Trade Groups Offer FCC Recommendations on ‘Robocalls’ Policy

The Mortgage Bankers Association and nearly a dozen disparate trade associations offered the Federal Communications Commission a series of recommendations on curbing unlawful “robocalls” while preserving the ability of businesses to legitimately conduct vital business and customer services by phone.