Senate Democrats urge CFPB to rescind ECOA proposal; federal court denies trade group’s challenge to the PACE rule; 22 state AGs seek partial summary judgment in a lawsuit against the CFPB.
FOIA documents reveal that in 2022 Fannie and Freddie business assessments determined that a single-bureau credit report would be inferior to either a tri-merge or a bi-merge.
The GSEs were already quietly adding MBS to their portfolios before Trump directed them to purchase $200 billion more. Investors may now be paying a price for that intervention.
The regulator’s financial statements followed GAAP accounting, but the analysis also revealed $32.9 million in costs associated with elimination of 216 employees.