New York will soon start evaluating nonbank mortgage lenders on how well they meet the credit needs of the communities that they serve.

America First Legal argued that Reg. C isn’t required under the Home Mortgage Disclosure Act and that it pressures mortgage lenders into making decisions based on borrowers’ demographic information.

While innovation and regulation are often thought of as in tension, industry participants suggest that with artificial intelligence, the two factors can work together.

The CFPB criticized former bureau Director Rohit Chopra’s work in its annual performance report for fiscal year 2024.

An appeals court found a district court erred in granting summary judgment to Union Home Mortgage in an age-discrimination lawsuit.

The annual student loan report published by the CFPB was 15 pages short of the original report written by the bureau’s former student loan ombudsman, Julia Barnard.

SCOTUS won’t hear petition in a discrimination case; Fed initiates enforcement action against a former PrimeLending employee; CFPB will no longer provide HMDA updates via GovDelivery email.

The bureau submitted to Judge Amy Berman Jackson’s decision finding that a lapse in appropriations would violate a preliminary injunction and directing the Trump administration to fund the CFPB.

A November plan to transfer the bureau’s active enforcement actions to the Department of Justice appears to no longer be in the works, according to an industry attorney.

The mortgage lender had sought to settle allegations of gender discrimination and sexual harassment through arbitration.