July 16, 2014

CFPB to Host Field Hearing in El Paso Tomorrow

TLTA has been notified that the Consumer Financial Protection Bureau (CFPB) will host a field hearing in El Paso this Thursday, July 17th at 10:30 a.m MDT. If you are in the area, this is a unique opportunity to hear from this new regulator whose policies affect our industry directly.

The hearing will focus on the CFPB's consumer complaint portal — is it working, are customers using it and are institutions responding. The event will feature remarks from CFPB Director Richard Cordray, as well as testimony from consumer groups, industry representatives and members of the public.

A livestream of the hearing will be available on the CFPB's blog before the event here. The event is open to the public, but if you would like to attend, you need to RSVP. Due to a scheduling conflict with another TLTA meeting, we will not be able to have our staff there, so if you or someone from your office can attend, please let us know and we will RSVP on your behalf.

Senate Approves Castro as HUD Secretary 

San Antonio Express News | July 9, 2014
The U.S. Senate on Wednesday overwhelmingly approved the nomination of San Antonio Mayor Julián Castro as secretary of the U.S. Department of Housing and Urban Development. The nomination was approved 71-26 on a roll call vote. Sen. John Cornyn, R-Texas, voted for the nomination; Sen. Ted Cruz, R-Texas, voted against it. Republicans cast all of the no votes. The San Antonio Democrat would serve on President Barack Obama's Cabinet for the remainder of the president's term, which ends in January 2017. Read More »

Citigroup Reaches $7 Billion Settlement 

HousingWire | July 14, 2014
Citigroup officially announced a $7 billion dollar settlement with the U.S. Department of Justice, several state attorneys general, and the Federal Deposit Insurance Corporation to settle residential mortgage-backed securities and collateralized debt obligations after industry whispers that the bank was nearing a resolution. Under the settlement, Citigroup will pay a total of $4.5 billion in cash and provide $2.5 billion in consumer relief. From that amount, the cash portion consists of a $4 billion civil monetary payment to the DOJ and $500 million in compensatory payments to the state AGs and the FDIC. Read More »

Upcoming Hot Topic Webinar!

Time for Change - 2014 TREC Contract Changes
Friday, July 25 | 10:30 - 11:30 a.m. CDT
Presented by:
Dan Hamilton, Texas Agency Representative, Alliant National Title Insurance Company
Live Version | On-Demand Version

Modern Manufactured & Modular Housing
Tuesday, August 12 | 10:30 - 11:30 a.m. CDT
Presented by:
Doyle Pendleton, Jr., Executive Director, Texas Manufactured Housing Association
Live Version | On-Demand Version

Avoiding TDI Audit Violations
Wednesday, August 13 | 10:00 - 11:30 a.m. CDT
Presented by:
Robert York, TDIs Manager of Title Examinations, as well as two industry compliance specialists: Brenda Nelson, Old Republic National Title Insurance Company, and Nancy Waggoner, Republic Title of Texas, Inc.
Live Version | On-Demand Version