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GSE Earnings and the Multifamily Story

November 7, 2024
Dennis Hollier
Despite low volumes and hints of trouble in the multifamily space, GSE profits remain remarkably healthy.
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Study Suggests More Action Needed to Address Appraisal Bias

November 7, 2024
Brandon Ivey
The study found that the Biden administration’s emphasis on reducing appraisal bias has generated some positive results.
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Credit Report Issues Drive Up 3Q Complaints to CFPB

November 4, 2024
Shannon Clark
Complaints filed with the CFPB increased by 23.0% in the third quarter. And for the first nine months of the year, complaint volume nearly doubled on an annual basis, led by issues with credit reports. (Includes two data tables.)
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CFPB Issues Final Rule on Open Banking

November 4, 2024
Shannon Clark
The rule, required by the Dodd-Frank Act, will allow consumers to have greater control over their financial data.
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Section 1033 Rule Faces Mixed Reactions; Lawsuit

November 4, 2024
Shannon Clark
Two trade groups representing banks filed a lawsuit the same day the CFPB released its final rule.
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MBA Urges CFPB to Revise RESPA Regulations

November 4, 2024
Shannon Clark
Regulations under Section 8 of RESPA are “obsolete and costly with few consumer benefits,” according to the MBA.
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CSBS to Roll Out One Company, One Exam in 2025

November 4, 2024
Shannon Clark
State regulators plan to move the One Company, One Exam effort out of pilot into full operation, beginning with larger mortgage companies.
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Apple, Goldman to Pay $90M To Settle CFPB Investigation

November 4, 2024
Shannon Clark
The companies were accused by the CFPB of mishandling credit card disputes and misleading consumers about payment options.
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CFPB Warns Companies of Worker Surveillance Systems

November 4, 2024
Shannon Clark
The bureau released guidance that details employers’ responsibilities and consumer protections under the FCRA involving worker surveillance technologies.
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Other News in Brief

November 4, 2024
Shannon Clark
CFPB, Townstone to settle lawsuit; CFPB fines credit union for alleged system update failures; Meta under investigation by CFPB; Paypal Credit receives CID; NCUA plans fair lending hire; consumers support overdraft protections; open recommendations from the CFPB’s OIG; Capital One faces possible enforcement action.
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