The bureau outlined the procedure lenders must undertake when informing consumers of adverse credit actions triggered by the use of algorithms and other predictive decision-making technologies.

The effort launched with a small business advisory review panel. A proposed rule is anticipated in 2024.

Annual inflation adjustments tied to TILA; CFPB reviews 2022 HMDA data; amicus brief in credit report dispute lawsuit; CFPB touts results from complaint database.

Stakeholders claim the plan to expand the suspended counterparty program is too broad and FHFA has failed to justify the expansion.

The vast amount of appraisal data released over the past year by FHFA has been a boon to researchers. However, many critics argue the regulator and the regulated entities should release all appraisal data.

Servicers will be expected to continuously evaluate properties for early warning signs of life safety hazards or deferred maintenance.

Fannie hopes Spanish-language credit education and targeted downpayment assistance will help it put the still-growing cohort of Latino consumers into their first home.

The regulator’s new rating system will be used to assess supervisory remediation measures and, at least while the GSEs remain in conservatorship, determine executive compensation.

Debby Jenkins, former head of multifamily at Freddie Mac, will now run affordable housing activities for Greystone.

Banks and thrifts increased their holdings of mortgages they intend to sell by nearly 10% during the second quarter. Both originations and loan sales increased during the quarter. (Includes two data charts.)