Industry attorneys see 2025 as a “ramp up period” as certain states look to fill the federal enforcement void.

If enacted as proposed, the rule would impose substantial regulatory requirements onto buy now, pay later providers.

The Foundation Against Intolerance and Racism claimed that a Washington state special purpose credit program violated a clause of the 14th Amendment by using race-based criteria for eligibility.

The National Consumer Law Center said the proposals will reduce price transparency, create an unlevel playing field and will make homeownership more expensive for consumers.

The new rule codifies financial institutions’ existing obligations under the state antidiscrimination law.

CSBS President Brandon Milhorn said the new data standard will help reduce mortgage lending compliance costs, giving companies the flexibility to make more loans.

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

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 organization that represents state mortgage regulators supports a request from the MBA for a grace period for initial filing of Mortgage Call Report Version 7.

The court determined that when used retroactively, the new state foreclosure-protection law in New York doesn’t interfere with mortgage lenders’ due process rights.