Earned wage access advisory opinion; civil penalty maximum adjusted; CFPB examining college-offered loans; final order in payments processor case; Bank of America class-action settlement.
FINRA will implement margin requirements for trading of wide swaths of GSE MBS, including TBA transactions, specified pools transactions and collateralized mortgage obligations.
The Underserved Mortgage Markets Coalition has put together a list of actions the GSEs can take to meet their obligations under FHFA’s duty-to-serve program.