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CFPB Financial Reports Earn Perfect Scores in GAO Audit

November 22, 2021
Sam Manas
The Government Accountability Office said the CFPB’s fiscal 2020 and fiscal 2021 financial statements were in accordance with generally accepted accounting principles.
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CFPB Seeks Feedback on HMDA’s Effectiveness

November 22, 2021
Sam Manas
The bureau is seeking public input on the data collected under HMDA and information to help it conduct an assessment of the rule.
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Regulators Resume Enforcing Reg. X Timing Requirements

November 22, 2021
Sam Manas
Federal and state agencies are back to fully enforcing communication timing requirements found in Regulation X. However, they will consider the impact of COVID-19 when deciding supervisory and enforcement actions.
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Chopra Seeks Feedback on Small-Business Loan Data

November 22, 2021
Sam Manas
CFPB Director Rohit Chopra was open to feedback on the topic in his congressional hearings. Reactions to the rule have been mixed.
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OIG Finds Weaknesses in CFPB Supervision Activities

November 22, 2021
Sam Manas
The CFPB needs to improve the effectiveness of its quality management program in order to strengthen its supervision activities, the Federal Reserve Office of Inspector General said in a recent report.
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Senators Ask for Action on Credit Reporting Agencies

November 22, 2021
Sam Manas
Senate Democrats called on the CFPB to increase oversight of credit reporting agencies. The CFPB director, though, is skeptical of creating a government-run credit reporting agency.
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Other News in Brief

November 22, 2021
Sam Manas
FCC releases reassigned numbers database; CFPB sues pawnshops for MLA violation; CFPB official explains action against payment platforms.
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A New Warehouse Record and a Handful of New Entrants

November 22, 2021
Paul Muolo
One East Coast financier said his bank is seeing several 2022 line renewals at “the same level as this year” and just one reduction overall.
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FHA/VA Market Tilts Back to Mostly Purchase Lending

November 22, 2021
John Bancroft
It was the first time that purchase-mortgage business represented the biggest source of new FHA/VA lending since the third quarter of 2019...
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GSE Appraisal Waivers Face Scrutiny as Zillow Offers Flops

November 22, 2021
Dennis Hollier
The American Enterprise Institute, a conservative think tank, has long been critical of the reliance on appraisal waivers...
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