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CFPB Focusing on Fair Lending, Insurance Costs

April 22, 2024
Shannon Clark
Mark McArdle, assistant director of mortgage markets at the CFPB, discussed some of the bureau’s top priorities during a recent webinar.
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CFPB Cracks Down on FDCPA and FCRA Violations

April 22, 2024
Shannon Clark
Measures to protect consumers from violations of FDCPA and FCRA involving medical and rent collections are underway.
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House Republicans Criticize CFPB’s Funding Structure

April 22, 2024
Shannon Clark
Republicans and Democrats remain divided over whether the CFPB’s current spending and funding are constitutional.
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CFPB Encourages Illinois to Adopt Appraisal Protections

April 22, 2024
Shannon Clark
Changes to the state’s Community Reinvestment Act would further protect against discriminatory appraisals, according to the CFPB.
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CFPB, European Commission to Hold Principal-Level Talks

April 22, 2024
Shannon Clark
The two jurisdictions are continuing their partnership to share information about consumer financial protection issues and regulations.
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Other News in Brief

April 22, 2024
Shannon Clark
Judge in credit card lawsuit can continue; Republicans warn the bureau against rulemaking to limit arbitration; California tech school banned from lending.
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Strong Reactions to Freddie’s Plan for Second Mortgages

April 19, 2024
Dennis Hollier
A proposal from Freddie Mac to acquire second liens prompted immediate reactions. The GSE rebuts claims that its plan represents “mission creep” or that it would interfere with the existing securitization market for closed-end seconds.
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Thompson Spars With Republicans at Hearing

April 19, 2024
Dennis Hollier
Republicans on the Senate Banking Committee confronted FHFA Director Sandra Thompson about title insurance waivers and DPA “slush funds” at the GSEs.
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FHFA, CSBS Agree to Share Information About Nonbanks

April 19, 2024
Dennis Hollier
Lenders say any information sharing should respect the confidentiality of nonbanks and their customers.
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Freddie Data Highlights Climate Risk for Housing

April 19, 2024
Dennis Hollier
Climate change has people on the move, but they seem to be immigrating to exactly the wrong places.
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