The Mortgage Action Alliance issued a call to action to support H.R. 3507, the Yes in My Backyard Act.

A new rule is expected from the bureau in the coming months that will require businesses under the CFPB's jurisdiction to allow consumers to speak with a human service representative at the click of one button.

MBA urged the CFPB to immediately provide written guidance on the matter, noting the final rule takes effect Sept. 16.

UI wants government regulators to adopt such ideas as allowing nonbanks to join the FHLB system.

CFPB Director Chopra said contract-for-deed sales might sound like a path to homeownership for those who feel they have no options, but they have real risks.

High interest rates and low supply continue to affect the availability of the affordable homes required to fulfill the GSEs' housing goals.

The company has been hit with $5 million in fines and redress, and must change its practices to be compliant with the CFPB's orders or face additional consequences.

PMIs say the tougher available assets standards won't impact their eligibility as approved insurers.

"It is likely to cause significant adverse consequences to banks and consumers, including causing the tightening of credit standards," the ABA said of the CFPB's proposal.