A new legislation in New York expands the enforcement power of the state’s attorney general.

The CFPB now estimates that only 5.8% of the U.S. adult population in 2010 was without a credit record — a decrease from an 11.0% estimate published by the bureau in 2015.

Republicans on a House subcommittee pointed to the CFPB’s “aggressive” use of civil investigative demands as an example of overreach by the regulator under the leadership of Rohit Chopra.

The bureau urged the court to convert the bankruptcy case’s filing to allow the regulator to investigate whether Synapse Financial Technologies violated the CFPA, and provide redress to harmed consumers.

In fiscal year 2024, sex, race and age were the most frequently cited bases of discrimination among equal employment opportunity complaints received by the bureau.

CFPB issues new policy statement on criminal regulatory offenses; CFPB ends consent order with Navy Federal Credit Union; California’s licensing fees set to increase.

The FHFA director last week directed Fannie Mae and Freddie Mac to figure out how to use cryptocurrency in the mortgage underwriting process.

RealKey, an automated loan processing platform, paused operations at the end of May. The startup’s CEO said the investment community has shied away from the mortgage tech space.

Mortgage servicing is becoming more valuable as lenders look for ways to boost originations.

Leaders from some of the regional Federal Reserve banks discussed the lack of housing supply and how they are addressing challenges to find solutions.