More and more people who don't consider themselves telemarketers are actually covered by the provisions of a Federal Trade Commission rule on telemarketing, an FTC representative has told the California Association of Mortgage Brokers annual convention in San Jose, Calif.Katie Harrington-McBride, the director of marketing practices for the FTC, said many of those who are unaware of their potential liability are in the real estate business, including mortgage brokers. The most publicized part of the rule is the Do-Not-Call list. But there are other provisions they need to be aware of, she said. In addition, there is no exemption for small businesses. However, in order to encourage compliance by small businesses, up to five ZIP codes of the Do-Not-Call list can be downloaded free, Ms. Harrington-McBride said.
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Counter to prevailing narratives about rules and enforcement activity whipsawing from one administration to the next, public citations by federal banking regulators have steadily declined over the past decade — under both Democratic and Republican administrations.
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Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
July 7 -
The HomeSafe Second product is now available in more than one third of all states, according to the reverse mortgage specialist.
July 7 -
The Department of Housing and Urban Development agreed to do more to manage due-and-payable obligations contingent on the availability of certain resources.
July 7 -
The ex-housing official is returning to a previous employer with the aim of helping guide the firm through an evolving landscape in federal policy.
July 7 -
A $160 million deal to merge Hometown Financial Group subsidiaries and Primary Bank will lead to consolidation under a single brand name of TruNorth.
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