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The Official Website of the Office of Consumer Affairs & Business Regulation (OCABR)
Consumer Affairs and Business Regulation

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  5. 2013 News & Updates

2013 News & Updates

  • 2012 DIS Annual Report Now Available

  • Proposed Amendments to 209 CMR 56.00: Right To Cure A Mortgage Default to implement provisions of Chapter 194 of the Acts of 2012 – public hearing on 2/6/13

  • December 31, 2012 Activity Report

  • New SAFE MLO Test with Uniform State Component links to PDF file

  • Financial Regulators Propose Guidance on Social Media

  • Massachusetts Division Of Banks Proposes New Rules For Foreclosure Prevention Options

  • January 31, 2013 Activity Report

  • Consumer Affairs and Division of Banks Warn Consumers Shut Down Foreign Transmittal Agent

  • Statement on CFPB Mortgage Servicing Transfer

  • State Promotes Earned Income Tax Credit

  • Office of Consumer Affairs and Division of Banks Participate in America Saves Week

    The Office of Consumer Affairs and Business Regulation and the Division of Banks today announced their participation in the 2013 America Saves week campaign, which is occurring February 25 to March 2. The campaign provides an opportunity for financial institutions, non-profits and other organizations to encourage consumers to save money by helping them assess their own financial status and make positive changes to their financial behavior. The Division of Banks has encouraged the financial community to help further this mission by informing consumers about saving programs within their institutions and providing them with helpful information about financial literacy.

  • States Support CFPB's Small Creditor Proposal

  • NMLS Annual Conference

  • February 28, 2013 Activity Report

  • 2012 Chapter 206: Summary of Funding Activities pdf format of 			2012 Chapter 206: Summary of Funding Activities

  • Regulatory Bulletin Update 3

  • New SAFE MLO Test with Uniform State Content

  • Industry Notice Relative to the Collection of Illegal Loans in Massachusetts

  • March 29, 2013 Activity Report

  • Massachusetts Office of Consumer Affairs and Division of Banks Announce Saugus- Based Foreign Transmittal Company Put Out Of Business

    The Massachusetts Office of Consumer Affairs and Business Regulation and the Division of Banks announced today that the Division ordered Saugus-based Braz Transfers, Inc., to immediately cease accepting money from Massachusetts consumers and transmitting those funds to foreign countries.  

  • States Support Bill Restricting Payday Lending

  • Chairman of FFIEC State Liaison Committee Announced

  • CSBS To Host Community Banking Research Conference

  • Massachusetts Office of Consumer Affairs and Division of Banks Announce Shut Down of Debt Collector and Action against Five Unlicensed Predatory Lenders

    The Massachusetts Office of Consumer Affairs and Business Regulation and the Division of Banks today announced a series of cease orders targeting unlicensed lenders and a licensed debt collector that were not adhering to the state’s loan consumer protections.

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