Skip to content
Client Portal 770-587-4595
Action required California DFPI CA Aug 23, 2026

California Multistate Settlement with NewRez LLC

A multistate settlement with NewRez LLC was announced on August 12, 2026, regarding improper charges for force-placed insurance.

A multistate settlement with NewRez LLC was announced on August 12, 2026, regarding improper charges for force-placed insurance.

What changed

NewRez will pay $15.5 million, with over $4.5 million already remediated.

Compliance perspective

Entities should ensure transparency in insurance-related charges to avoid violations.

Key date

Effective date: August 12, 2026.

Need help keeping up with these changes?

Tell us where you operate and what licenses you hold; we'll handle the filings and renewals so changes like this do not catch you off guard.

Keep reading

More regulatory updates

Other recent rule changes our team is tracking.

  • Action OCC Sep 7, 2026

    Joint Final Rule on Unsafe or Unsound Practices

    The OCC and FDIC defined 'unsafe or unsound practice' and revised the framework for issuing Matters Requiring Attention (MRAs). The rule emphasizes that these practices jeopardize financial condition and carry risks to the Deposit Insurance Fund.

    Read explainer
  • Action New York DFS NY Sep 2, 2026

    Final Adoption of 8th Amendment to Insurance Regulation 213

    New York DFS finalized the 8th Amendment to Insurance Regulation 213 regarding principle-based reserving for insurance entities.

    Read explainer
  • Action CSBS MA Aug 24, 2026

    NewRez Multistate Mortgage Servicing Settlement

    On August 12, 2026, a multistate settlement was reached with NewRez, LLC, involving 48 state financial agencies over improper insurance charges. The settlement totals $15.

    Read explainer