The CFPB announced lenders must provide applicants with an accurate statement of the specific, principal reasons for any adverse action determination.
The CFPB recently announced an initiative to stop lenders from charging potentially excessive and exploitative ancillary “junk” fees.
The CFPB announced separate initiatives designed to ensure that home valuations used by lenders are fair and accurate, and not discriminatory.
The CFPB announced a new process to receive public petitions for rulemaking or regulatory changes.
On January 6, 2022, the CFPB issued its Fall 2021 Supervisory Highlights. It found that lenders may have violated ECOA. Learn more.
Appraisers must be knowledgeable about these anti-discrimination requirements and must generate appraisals in conformity with USPAP requirements.
On September 23, 2021, the CFPB issued a report on complaint submission patterns by census tract.
The CFPB issued a report on HMDA data collected in 2018, 2019, and 2020 that outlines a number of trends in residential mortgage originations.
On April 1, 2021, the U.S. Supreme Court issued a decision in Facebook v. Duguid. Learn how the ‘autodialer’ TCPA decision will affect residential mortgage loan originators.
On March 31, 2021, the CFPB announced that it will rescind seven separate policy statements issued last year, each meant to provide temporary flexibility to financial institutions, as they do business during the COVID-19 pandemic.
