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SCOTUS Sends BofA Preemption Case Back to Lower Court

June 3, 2024
Shannon Clark
The Supreme Court wants the Second Circuit Court of Appeals to conduct a nuanced comparative analysis of whether state consumer protection laws apply to national banks.
Read More

CFPB Wants to Know Why Closing Costs Are Increasing

June 3, 2024
Shannon Clark
The CFPB has issued a request for information on how closing costs are impacting home affordability and accessibility.
Read More

Fed Losses May Sour CFPB’s Supreme Court Win

June 3, 2024
Shannon Clark
Since September 2022, the Federal Reserve has been in a deficit and has still continued to fund the CFPB, a problem for the legality of the bureau’s funding, according to Hal Scott, a Harvard Law professor.
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CFPB Moves to Regulate Buy Now, Pay Later Products

June 3, 2024
Shannon Clark
The CFPB plans to use its authority over credit card providers to apply to buy now, pay later providers. The move could face a legal challenge.
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Chopra Says CFPB Looking Into Credit Reporting Issues

June 3, 2024
Shannon Clark
Credit reporting inaccuracies are having a major impact on low-income consumers who are trying to find housing, according to participants at a recent CFPB Consumer Advisory Board Meeting.
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Consumer Advocates Propose Reforms to Tax Foreclosures

June 3, 2024
Shannon Clark
Low-income homeowners and older individuals are at an increased risk of losing their property to a tax foreclosure.
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Other News in Brief

June 3, 2024
Shannon Clark
Zillow launches new AI tool; CFPB sues another student loan provider; CFPB credit card lawsuit hits another bump; CFPB director to meet with Congress.
Read More

Short Takes: A Little M&A? / The Story Doesn’t Change: Lack of Homes / Purchase Apps / How Much? / MI Industry Looks Good

June 3, 2024
Paul Muolo
Keefe, Bruyette & Woods on Sunday upgraded mortgage insurers MGIC and Radian to “outperform” from “market perform.”
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FHFA Executive Mollifies the Mortgage Industry

May 31, 2024
Dennis Hollier
Naa Awaa Tagoe, deputy director for housing mission and goals at FHFA, waded through some of the agency’s most recent controversies at the MBA’s secondary market conference.
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FHFA Faulted for Half-Baked Proposal on Seconds

May 31, 2024
Dennis Hollier
Many trade groups denounced Freddie’s plan to buy second liens, saying key details were lacking. There are also concerns that Freddie’s effort will simply cannibalize an otherwise healthy and liquid non-agency market for second liens.
Read More
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