CFPB Director Rohit Chopra said the bureau will begin conducting supervisory examinations on nonbank payment platform operators and would issue further orders to big tech firms for information on their use of personal finance data or private currencies.

The bureau and the Federal Trade Commission sued TransUnion’s rental reporting subsidiary for failing to ensure background checks were accurate. Separately, the CFPB ordered TransUnion to pay $8 million to resolve changes involving security freeze and lock failures.

Bureau hiring enforcement staff; report says NSF fees down 97%.

Marina Walsh, vice president of industry analysis at the trade group, said she expects the mortgage industry to experience “a little more pain."

More bad news for Blackstone's reverse lender, Finance of America...

Most of the increase in bulk MSR transfers in the third quarter came from Mr. Cooper’s acquisition of Home Point Financial’s portfolio. But coissuance activity increased more than total agency MBS issuance. (Includes three data charts.)

The mortgage industry and housing policymakers have more work to do in developing home loan products targeted to helping close the racial homeownership gap, speakers at an Urban Institute conference said.

Maintaining internal policies and documenting employees’ work practices are vital to effectively managing the return-to-office transition, according to industry participants.

While significantly fewer lenders have deployed AI technologies over the past five years, the share of lenders who are using the tech in a limited or trial basis has increased, a Fannie survey showed.

Locked-in low interest rates and large amounts of tappable equity are compounding an already constricted housing market.