The proposed changes, the trade group said, will help decrease costs and inefficiencies for both lenders and consumers.

Home equity investment products are “loans masquerading as obligation-free cash,” according to the National Consumer Law Center.

The credit union agreed to pay $95 million in consumer refunds and fines to resolve a CFPB investigation that found the company illegally charged overdraft fees.

The bureau’s advisory opinion on medical debt collection practices violates the Administrative Procedure Act as it creates new rules, according to an association representing credit and collection professionals.

The CFPB is asking states to heighten their efforts to tighten data privacy protection and close gaps with federal laws.

Federal Reserve examiners found that all Real Estate Settlement Procedures Act violations it encountered at banks in 2023 were tied to escrow account requirements.

CSBS is taking a close look at loan officer education compliance; CFPB fines Global Tel Link $3 million; CFPB releases details from student loan survey; pilot study by CFPB finds differences in how lenders treat minorities that own small businesses; Comerica Bank files lawsuit challenging CFPB investigation; Fifth Circuit denies request to reopen case against CFPB’s payday lending rule.

Mortgage industry stakeholders speculate about who Trump will nominate to oversee Fannie Mae and Freddie Mac and determine whether they remain in conservatorship or are re-privatized.

The reduction in fees for mortgages on homes that qualify for the GSEs’ housing goals are estimated to increase Fannie and Freddie acquisitions by 37,000 loans in 2025.

Industry trade groups noted that the increase comes on top of a 400% price hike over the past two years. They also argued that the credit re-porting bureaus will inevitably add additional price hikes.