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CFPB Seeking to Launch New Auto Loan Dataset

December 5, 2022
Sam Manas
Auto loans comprise approximately one-third of all non-mortgage debt. Yet most of the data on the market is aggregated, reducing the ability to spot competitive opportunities or potential risks.
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CFPB Says Fourth Circuit Should Reinstate TILA Case

December 5, 2022
Namrata Bhatia
The appeals court had temporarily dismissed class-action claims that PNC Bank made unauthorized withdrawals from a borrower's deposit accounts to cover payments on a home equity line of credit.
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Sen. Brown Calls for Action on Zombie Debt Collections

December 5, 2022
Namrata Bhatia
Sen. Sherrod Brown of Ohio is demanding an investigation into servicers' handling of long-dormant second mortgages.
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Agencies: Decision Threatens Enforcement of Military Lending Law

December 5, 2022
Sam Manas
The CFPB and the Federal Trade Commission weighed in with the 11th Circuit Court of Appeals, arguing that a lower court ruling would hurt the enforceability of the Military Lending Act.
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Other News in Brief

December 5, 2022
Sam Manas
Supreme Court grants extension for response to bureau appeal; CFPB slams tenant background checks; CFPB, NY AG penalize 9/11 fraudster; CFPB files enforcement action for “fake” CD accounts.
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Servicing Paddles Harder to Keep Lenders Afloat in 3Q

December 5, 2022
John Bancroft
Three of the 22 companies reported net losses on production...
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Brokers Push for Removal of GSE Cash-Out Fee

December 5, 2022
Dennis Hollier
NAMB also believes the timing of the increase is poor...
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Securities Professionals Applaud SEC Relief on Disclosure Rule

December 5, 2022
Namrata Bhatia
The Structured Finance Association lauded the SEC’s decision...
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Phoenix Out With Another MSR Deal, This One Top-Heavy With NY Product

December 5, 2022
Paul Muolo
The bid deadline is Dec. 6...
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Congress Pushes FHFA to Revise Capital Rules for FHLB Members

December 2, 2022
Dennis Hollier
If the nation goes into recession, paper losses on Treasuries and MBS may deprive small community banks from accessing critical FHLBank advances.
Read More
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