The CFPB’s proposed rule for an online registry of nonbanks underestimates the burden for institutions and overstates its value to the public and enforcement agencies, mortgage trade groups said in comments.

The CFPB’s attempt to prevent the deposition of three employees in its own enforcement case against Citizens Bank was rejected.

In a report on its equal opportunity employment program, the CFPB said it found no new instances of internal discrimination in FY2022.

CFPB expands credit card survey; debt collector ordered to pay $24 million; CFPB says TILA doesn’t preempt state disclosure laws; ICBA requests CFPB approve proposed construction loan disclosure template; SCOTUS requests DOJ input on mortgage escrow interest laws.

MBA said the longer implementation timelines are welcome, but has other concerns...

By the end of 2025, FHFA expects Fannie and Freddie to implement the use of FICO 10T and Vantage 4.0 into the mortgage process. Industry participants can expect a lot of hand-holding along the way.

FHLBank treatment of collateral may be inhibiting development of affordable housing, industry stakeholders told FHFA in comments.

Based on the success of payment deferrals during the COVID-19 emergency and feedback from industry, FHFA has made the option a key part of loss mitigation for the GSEs.

FHFA, a member of the PAVE task force, provided the bulk of the appraisal data that the task force will use for oversight, enforcement and research.

In order to have a return on capital sufficient to attract private investors, the GSEs would have to charge g-fees of about 76 basis points, according to former Freddie CEO Don Layton.