OCC escrow plan opposed by regulators, consumer advocates

Conference of State Bank Supervisors, HWmember, Mortgage, National Consumer Law Center, Office of the Comptroller of the Currency, Regulatory, Regulatory Compliance, Servicing /

State regulators and consumer advocates are pushing back against two proposals from the Office of the Comptroller of the Currency (OCC) that would expand banks’ authority over escrow accounts and assert that federal law preempts state rules that govern these accounts.  In a joint letter, the Conference of State Bank Supervisors (CSBS) and the American […]

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