Industry News

CFPB Issues TRID Technical Corrections

The CFPB has issued technical corrections to the TRID rule, effective February 10, 2016, in regards to the treatment of taxes, insurance and homeowners association fees.  The fees will not be subject to tolerances.

Correction

Governor Cuomo Nominates Maria Vullo as Superintendent of the
Department of Financial Services

Governor Cuoma as  nominated Maria T. Vullo to serve as the Superintendent of the New York State Department of Financial Services. Vullo is an experienced senior litigator and manager, with more than 25 years of practice in business litigation and investigations. She is of counsel at Paul, Weiss, Rifkind, Wharton & Garrison LLP, where she was a partner for 20 years. She previously oversaw the Economic Justice Division in the Office of the New York State Attorney General.

In 2010 Vullo served as Executive Deputy Attorney General for Economic Justice under then New York State Attorney General Cuomo. There she oversaw the Bureaus of Investor Protection, Antitrust, Real Estate Finance, Consumer Frauds and Internet. In that role she handled numerous consumer protection, investor protection and antitrust matters.