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Home » Topics » Regulation » Fair Lending

Fair Lending
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Regulators Looking at Servicers’ LEP Activities

March 6, 2023
Sam Manas
The CFPB is examining servicers on how they provide services to borrowers with limited English proficiency.
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FRBNY Finds Insignificant Impact of CRA for Borrowers

February 21, 2023
Sam Manas
The study found that the Community Reinvestment Act has had little effect on the level of household borrowing in low- to moderate-income census tracts and on lending in different debt categories.
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Attorneys Stress Importance of RESPA-Compliant MSAs

February 6, 2023
Sam Manas
Lenders looking to boost mortgage originations with marketing services agreements need to heed RESPA standards, according to compliance attorneys.
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City National Bank Settles DOJ Redlining Case

January 23, 2023
Sam Manas
The Los Angeles-based lender agreed to a $31 million payout to settle charges it engaged in redlining by denying residents in majority-Black and Hispanic neighborhoods fair access to mortgage credit.
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Rulemaking Related to Nonbank Registration on CFPB Agenda

January 9, 2023
Sam Manas
The CFPB’s latest regulatory agenda includes some pending priorities and some new ones. Two of the new items would require nonbanks to register with the bureau.
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Racial Application Denial Gaps Not Due to Differential Treatment

November 7, 2022
Sam Manas
Observable underwriting factors explain most racial and ethnic disparities in mortgage application denial rates, a new Fed study finds.
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MBA’s Broeksmit Critical of Regulatory Environment

October 24, 2022
Sam Manas
Mortgage Bankers Association's President and CEO Robert Broeksmit said regulations have pushed banks out of the mortgage sector and could do the same to nonbanks if regulators aren’t careful.
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Trade Groups Oppose Bill on Algorithmic Discrimination

October 24, 2022
Sam Manas
The Mortgage Bankers Association, alongside national bank trade groups and local mortgage industry groups, sent a comment letter to a DC councilmember requesting the bill be shelved.
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CFPB Considers Novel Concept: The ‘Auto-Refi’

October 24, 2022
Sam Manas
In a recent RFI, the CFPB suggested that the development of automatic mortgage refinances could help borrowers.
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Other News in Brief

October 24, 2022
Sam Manas
CSBS names new policy and supervision chief; CFPB studies student banking; bureau sues remittances firm; DOJ settles discrimination claims with bank; Regulation F MVNs are optional; bureau states clearly false data don’t belong on credit reports.
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