A coalition of state attorneys general filed letters to the CFPB and the Office of the Comptroller of the Currency noting that banks frequently refuse to cooperate with states’ enforcement investigations.

The bureau and the Department of Justice sued a Texas land developer and a mortgage lender over an alleged predatory lending scheme.

Researchers with the Federal Reserve Bank of New York found that banks with diverse stakeholders — groups like borrowers, depositors and employees — are more averse to inequality and have a higher propensity to approve mortgage applications for minority borrowers.

The civil monetary penalty and consumer redress are tied to freezes on unemployment benefits accounts during the pandemic.

Republicans pressed the head of the CFPB’s Office of Innovation and Competition on the value of work done by the office.

Legislation introduced by Kentucky Republican Andy Barr would rein in the CFPB’s use of its unfair, deceptive and abusive acts or practices authority.

Illinois delays vote on CRA regulations; FCC closes lead generator loophole; Biden vetoes bill disapproving 1071; CFPB adjusts asset thresholds under HMDA, TILA; bureau issues report on overdraft fees; CFPB shutters medical debt collector.

A new option in Desktop Underwriter allows lenders to pre-qualify borrowers with a single soft pull credit file. However, a hard pull tri-merge credit report will still be required with the actual loan application.

Under the terms recommended in FHFA’s review of the Federal Home Loan Banks, 85 current members would fail to meet the 10% mortgage-related asset rule.

Andrew Davidson & Co. executive Richard Cooperstein says the regulatory capital requirements for the GSEs should be set at 1.5 times risk capital, about 1.13%.