The organization that represents state mortgage regulators supports a request from the MBA for a grace period for initial filing of Mortgage Call Report Version 7.
Although the bureau isn’t enforcing its payday lending rule, members of the small-dollar lending industry said the rule is still limiting customers’ “payment flexibility.”
CFPB seeks to rescind guidance on fair lending for noncitizens; OCC floats guidance for bank CRA compliance; CFPB publishes report on BNPL; court reduces payment in CFPB student loan servicer settlement.
Several mortgage trade groups expressed support for a proposal from the CFPB to remove the use of disparate-impact liability under the Equal Credit Opportunity Act. Consumer advocates oppose the effort.
The Mortgage Bankers Association said a federal policy framework for AI will give lenders and technology partners the “certainty” needed to deploy the tech safely and responsibly. It will also limit state regulation.