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.