High interest rates are helping demand for mortgage assumptions. A start-up is helping homebuyers connect with sellers that have low-interest-rate mortgages.

CFPB Director Rohit Chopra and Mortgage Bankers Association President and CEO Robert Broeksmit believe the consequences of deeming the bureau’s funding unconstitutional would be disastrous for regulated markets, especially housing finance.

A federal court sided with trade groups and vacated the CFPB’s March 2022 supervision and examination manual update that directed examiners to apply the Consumer Financial Protection Act’s unfairness authority to discriminatory practices.

The bureau has agreed to pay $6 million to settle a 2018 discrimination lawsuit brought by current and former Black and Hispanic employees.

Attorneys recently highlighted non-compliant behavior among mortgage loan originators, including their usage of social media.

Restrictive tap-to-pay practices at Big Tech companies could limit consumer choice and reduce market innovations, the bureau warned in a new report.

The CFPB has clarified that it applies all documents it assumed authority over from other agencies in 2011 unless they were superseded by law.

A panel of judges in the Fourth Circuit Court of Appeals has held that the federal Bankruptcy Code doesn’t preempt state law claims arising from alleged improper collection attempts of a discharged debt.

Regulators in New York and California are stepping up their notice requirements for security incidents. California is also in the process of enhancing consumer data rights.

Credit unions want reforms for CFPB; CFPB, states take action against firm offering point of sale financing; CFPB warns on college tuition payment plans; updates to NMLS policy guidebook; MISMO offers best practices for servicing transfers.