A supervisory approach that produces highly-skilled examiners, a more streamlined and efficient compliance process, and a safer consumer experience.

State financial services regulators from 53 jurisdictions, with assistance from the Conference of State Bank Supervisors (CSBS) and American Association of Residential Mortgage Regulators, closed a multiyear investigation of Nationstar Mortgage LLC, d/b/a Mr. Cooper, one of the largest mortgage servicers in the nation. This joint effort also involved 51 state attorneys general and the federal Consumer Financial Protection Bureau

CSBS Boards CSBS Management CSBS Committees SRR Committees Education Foundation

CSBS Boards CSBS Management CSBS Committees SRR Committees Education Foundation

CSBS Boards CSBS Management CSBS Committees SRR Committees Education Foundation

CSBS Boards CSBS Management CSBS Committees SRR Committees Education Foundation

CSBS Boards CSBS Management CSBS Committees SRR Committees Education Foundation

About

CSBS is calling on key federal agencies to clarify the deadline for CARES Act mortgage protections that could expire as soon as yearend 2020. As there is no precise date for the “covered period” of Sec. 4022, state regulators are concerned that confusion around the date could affect consumers’ ability to get relief.

By CSBS Data Scientist Carlos Cordova, Senior Policy Analyst Joey Samowitz, and Senior Economist and Director of Research Thomas F. Siems, Ph.D. Community banks have been at the forefront in providing needed funds to small businesses across the country as the 2020 COVID-19 pandemic and subsequent lockdowns have severely restricted U.S. economic activity. Our analysis of the Paycheck Protection Program