Skip to content
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Cart
  • Inside Mortgage Finance
  • MBS & ABS
  • The GSEs
  • The CFPB
  • Mortgage Trends
  • FHA/VA Lending
  • Nonconforming Markets
  • Data
    • Subscribe to Data
Home » Provident Funding Settlement With CFPB Has Many Important Messages for Other Mortgage Lenders
Looking to read the full article? Register for free access to IMFnews content today!

Provident Funding Settlement With CFPB Has Many Important Messages for Other Mortgage Lenders

June 4, 2015
Last week’s $9 million settlement between wholesale lender Provident Funding and the Consumer Financial Protection Bureau and the Department of Justice to resolve allegations of excessive discriminatory fees on the part of independent mortgage brokers, has some key takeaways for the rest of the mortgage industry, top compliance attorneys say. “The first is that it obviously signals that mortgage lending is still on the radar at these agencies,” even though their attention has evolved into other types of lending products, “and they are still concerned with wholesale mortgage pricing,” said Melanie Brody, partner and co-lead of the fair lending practice at the K&L Gates law firm in Washington, DC. She also noted...
News Inside Mortgage Finance Inside the CFPB Originations Enforcement Regulation Non-Mortgage Regulation Auto Lending
Purchase this article for $55.00
Subscribe To The Newsletter

Latest Imf News

  • Bank Servicing for Others Declines to Level Seen in 2006

  • UWM’s Stock Price Falters After Strong 4Q Earnings

  • Homebuilder Hovnanian Sees Shift in Incentive Usage

  • Oregon-Based Bank to Stop Offering Mortgages

More Imf News

Featured Data

  • M&A Reshapes Conventional Mortgage Market

  • Refinances Lift Primary MI to a Strong Finish in 2025

  • Bank MB Earnings Slump in 4Q25 Despite Higher Volume

  • Correspondents Lose Share in Agency Securitizations

More Featured Data

Featured Reports

  • Agency Channel Analysis: 3Q25 (PDF)

  • Mortgage Profitability Report 3Q25 (PDF)

  • Mortgage Servicing Rights Report: 3Q25 (PDF)

  • IMF Mortgage Directory: Full interactive database

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

View Results
  • About
    • About Inside Mortgage Finance
    • Contact Us
    • Advertising
    • Privacy Policy/Terms
    • Article Reprints/Web Postings
    • Copyright FAQ
  • Customer Center
    • Subscribe
    • Request a Sample
    • Account Inquiries
    • Change of Address
    • Change of Delivery Method
    • Data Licensing
    • Password Reminder
    • Group Subscriptions
    • Refunds
    • Renew Your Subscription
    • E-mail Newsletters
  • Mortgage Data
    • Origination
    • Servicing and Portfolios
    • Mortgage Insurance
    • Securitization
    • Agency MBS Activity
    • Non-Agency MBS Activity
    • MBS Investor Activity
    • ABS Activity
    • Commercial MBS Activity
    • Funding Activity
    • Earnings and Financials
    • Regulatory Data
    • Mortgage Rates and Terms
    • Subscribe to Data
    • Lender Profiles
    • HMDA Dashboard
    • Contacts Directory
    • Custom Data
    • Data Licensing
  • Reports
    • Data Reports
    • Industry Studies
    • Regulatory Reports
    • Statistical Annual
    • Free Reports

© Copyright 2026 Inside Mortgage Finance Publications
Design, CMS, Hosting & Web Development :: ePublishing