A collection of industry and consumer advocacy groups jointly urged the CFPB to expeditiously start rulemaking to expand ability-to-repay requirements to Property Assessed Clean Energy (PACE) loans.
The CFPB said it will focus on ability-to-repay provisions as it tries to overhaul its controversial rule on payday, title and high-cost installment lending.
Mortgage-related consumer complaints filed with the CFPB continued to plunge in the third quarter, according to a new Inside the CFPB analysis. [Includes one data chart.]
The Federal Housing Finance Agency, Fannie Mae and Freddie Mac are questioning the logic behind a recent federal court ruling that appears to give investors in the government-sponsored enterprises’ stock a glimmer of hope in their legal battles with the federal government.
John Ryan, president and CEO of the CSBS, compared the potential impact from the fintech charter to issues involving federal preemption of state laws in the lead up to the financial crisis.
While the FHFA has proposed a formal rulemaking on GSE capital, the current standard known as the conservatorship capital framework has not been made public…
The Consumer Financial Protection Bureau hinted at possible future rulemaking on the use of the disparate-impact theory under the Equal Credit Opportunity Act. Attorneys said it would be a significant development in fair lending law.