Although CFPB Director Rohit Chopra’s tenure so far has been unusually quiet on the mortgage front, industry attorneys and executives said other actions indicate there’s enforcement on the horizon.

Industry trade groups believe the request for information is unwarranted as fees on consumer financial products and services are already backed by adequate disclosure requirements.

The charges against MoneyGram, a remittance provider, include failure to deliver funds promptly to recipients abroad.

The denial rate on applications for refinances increased in 2021, while the purchase-mortgage denial rate declined. For both categories, inadequate debt-to-income ratios were the main reason for denials. (Includes two data charts.)

The bank had refused to approve a couple’s mortgage application until the wife returned from maternity leave, HUD said in its complaint.

The bureau said the credit reporting agency used digital tricks to manipulate people to sign up for fee-based subscriptions.

The bureau received just five comment letters on its proposed alterations to in-house adjudication procedures.

The CFPB names banks reporting the most overdraft fee and non-sufficient fund revenue in 2021; the bureau is examining transcript withholding as a debt collection practice; complaints relating to medical bills.

The biggest decline in bulk transfers was in the Ginnie market, where volume plummeted 27.9%...

The National Association of Federally Insured Credit Unions late last week called for FHFA to raise its capital ratio requirements for nonbank mortgage lenders to 10%.