Legal Seminar, Chicago, IL

State Oversight of Nonbank Mortgage Originators and Servicers

Legal Seminar Chicago, IL

Chuck Cross and Kevin Byers CSBS Nonbank Supervision & Enforcement Section

JULY 2019

NonBank (NonDepository) Institutions • Mortgage Origination – 1st, 2nd, Reverse – Purchase, Refinance, HELOC – Conventional, Government, Private • Consumer Finance

• Money Service Businesses (MSBs) – Money Transmitters – Prepaid – Currency Exchangers – Virtual Currency – Check Cashers and Sellers • Servicing & Debt Collectors – Mortgage Servicing – Student Loan Servicers – Auto Loan Servicers • Third Party Debt Collectors and Debt Buyers • Credit Reporting

– Consumer Loans – Payday Lending – Auto Finance – Student Lenders – Title Lenders