Related Articles About Author: Krista Franks Brock Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / BCFP May End ‘Proactive Oversight’ of Military Lenders Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. Share Save Print This Post Previous: FHA Provides Relief to Hurricane-Affected Homeowners Next: Delinquencies Remain Low But Household Debt Rises Data Provider Black Knight to Acquire Top of Mind 2 days ago BCFP May End ‘Proactive Oversight’ of Military Lenders Tagged with: BCFP Borrowers CFPB Homeowners Lenders Lending Military Sign up for DS News Daily Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Government, News Senate Democrats recently asked the Bureau of Consumer Financial Protection (BCFP) to reconsider its plans to discontinue its routine checks for violations of the Military Lending Act after an article by the New York Times reported that the agency was planning to suspend these routine checks. The Military Lending Act (MLA) was passed in 2006 and is aimed at preventing active-duty military members and their families from falling victim to predatory lending, financial fraud, and credit gouging. “The Trump administration is planning to suspend routine examinations of lenders for violations of the Military Lending Act,” the New York Times reported, adding that “Mick Mulvaney, the interim director of the Consumer Financial Protection Bureau, intends to scrap the use of so-called supervisory examinations of lenders.” According to the Times, Mulvaney said the “proactive oversight is not explicitly laid out in the legislation.”Public radio station, NPR, recently reported that the BCFP was planning to ask the Congress to give it express permission to do this active monitoring of lenders’ MLA compliance if that is what lawmakers intended. “That’s according to a draft document circulating within the bureau obtained by NPR,” the public radio station said. “It is unclear if Congress would do that to spur the CFPB to return to its previous level of enforcement.”In a statement to NPR, the bureau said that any changes to the MLA would be made “only if necessary and in a way that does not reduce the MLA protections afforded Service members and their families.”Instead of the current method of “proactive oversight,” the BCFP will rely on consumer complaints to identify and deal with violations of the Military Lending Act. Senate Democrats responded with a letter on Wednesday, signed by all 49 members. “The CFPB should not be abandoning its duty to protect our servicemembers and their families, and we seek your commitment that you will utilize all of the authorities available to the CFPB to ensure that servicemembers and their families continue to receive all of their MLA protections,” the Senators wrote.“In addition, for our service members, especially those who are deployed overseas facing hostile fire, it is unreasonable to place the burden of detecting and reporting MLA abuses on servicemembers, especially when they should be given every opportunity to focus squarely on their missions,” they said. The BCFP has returned $130 million to service members, veterans, and their families and received more than 72,000 complaints each year since the bureau’s founding in 2011. The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago BCFP Borrowers CFPB Homeowners Lenders Lending Military 2018-08-16 Krista Franks Brock The Best Markets For Residential Property Investors 2 days ago August 16, 2018 1,390 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago
Ocean City firefighters will host a nighttime glowball golf event on Friday, Oct. 2, at the Ocean City Municipal Golf Course.Anybody is invited to participate, and golf experience is not required. It’s a “very casual and fun event,” according to OCFD Capt. Steve Costantino.Night golf features a glow stick embedded in a clear golf ball and glowing markers outlining the course features. Ocean City’s municipal course features a short 12-hole, par-3 layout.Start time for the event is 6:30 to 7 p.m. on Oct. 2. An after-party at the Ocean City Veterans of Foreign Wars post follows the golf.Entry fee is $50 and anyone interested in playing can call Costantino at the Ocean City Fire Department at 609-525-9182.All proceeds go to Operation First Response, which provides financial assistance and other support to wounded soldiers and their families. Ocean City firefighters raise money throughout the year to support the cause.Read more: Ocean City Asks Folks to Walk for the Wounded on Sept. 26.
Barbara Gilbert, 70, of Milan/Moores Hill passed away Tuesday, January 3, 2017 at Christ hospital in Cincinnati. She was born in Lawrenceburg on June 28, 1946 the daughter of Elton and Phyllis Wellman Schilson. She was married to Donald Gilbert on December 9, 1967 in Dearborn County and he survives. Survivors include one son Robert Copeland of Milan; one daughter Dawnelle (RJ) O’Neal of Osgood; 4 grandchildren; Paul, Holly, Villete and Mary-Kate; 2 great grandchildren; one brother; Richard Schilson of Milan; one sister Kathy Myers (Bob) Kreese of Versailles. She was preceded in death by her parents. Mrs. Gilbert worked as a manager at the Liquor Cabinet in Milan and Moores Hill. Her hobbies included making and attending craft shows, grandchildren and watching birds. Barb loved to cook and help people, she would help even a stranger that needed it and never ask for anything in return. Memorial visitation will be held on Saturday, January 14th, 2017 from 10:00am to 12noon at the Stratton-Karsteter Funeral Home. In lieu of flowers, memorials may be given to the donors choice.