Members of the Federal Reserve’s Community Depository Institutions Advisory Council have raised concerns that Section 1071 reporting requirements and Community Reinvestment Act modernization could hurt their ability to offer services.

The CFPB accused OneMain Financial of misleading consumers into signing up for optional add-on products and failing to refund interest charges when consumers canceled those products.

The CFPB cautioned consumers against storing funds in digital payment apps, citing lack of federal deposit insurance on such accounts.

CFPB settles with Indianapolis debt collector; CFPB extends data broker RFI comment deadline to July 15.

GSE officials recently outlined the timeline for implementing the new credit score models and some of the challenges that implementation poses for mortgage industry stakeholders.

FHFA recently changed the upfront fees charged by Fannie and Freddie, in part to help meet the highly conservative capital requirements imposed on them by former Director Mark Calabria. Now, critics of the fees have joined critics of the conservatorship.

As the Biden administration focuses on ending discrimination in appraisals, trade groups and industry advocates call for standards on reconsiderations of value.

Fannie has updated its selling guide to provide modest flexibilities on manufactured home loans, adjustable-rate mortgages and cash-out refinances.

New MBS disclosures from Fannie and Freddie reflect changes in property valuation methods.

Implementation of the new AMI limits took place this week in Loan Product Advisor and will take place next week in Desktop Underwriter.