The trade group sent a letter to CFPB acting director Russell Vought with four recommendations to streamline oversight of IMBs.
Even in a friendlier regulatory environment, it would be unwise to discard established servicing policies and take on risk, ...
Mortgage companies under scrutiny could see a reprieve, while the status of functions like behind-the-scenes guidance inquiries is uncertain, experts say.
posting a graphic of a tombstone next to "CFPB RIP." The financial services industry has long despised the consumer bureau for its rules holding down "junk fees" on mortgages, interest rates and ...
In this article, we share a timeline of our monthly "bites" for 2024 applicable to the mortgage industry. There was also a flurry of ...
With the CFPB shut down, banks and lenders now face no federal oversight, putting homeowners and consumers at risk of foreclosure, fraud, and ...
on Monday slammed the Trump administration’s reported efforts to shutter the Consumer Financial Protection Bureau (CFPB) as “another ... or a credit card, or a mortgage, or a student loan ...
Since 2021, the consumer watchdog agency has carried out a campaign to combat redlining and race-based discriminatory lending in the mortgage industry. A number of major banks and nonbanks have been ...
Payday lenders, private student loan lenders and mortgage lenders were among the nonbank institutions brought under the CFPB's purview. In 2023, the CFPB received 1.3 million complaints about more ...