Ed DeMarco, president of the Housing Policy Council, said that while claiming to codify existing FHFA practice, the proposal “does not address FHFA’s practices related to fair housing and fair lending enforcement.”

The CFPB has been increasing its expertise in data science and analytics so that it can spot fair lending violations throughout the lending process.

The CFPB settled with ACI Worldwide and subsidiary ACI Payments over 1.4 million illegal mortgage payment withdrawals.

The proposed standards would create uniform requirements for mortgage companies licensed through the NMLS.

Currently, FHFA plans to modernize credit score usage by Fannie Mae and Freddie Mac in two phases, with full implementation scheduled for the fourth quarter of 2025.

The SEC is still working to establish a rule required by the Dodd-Frank Act to address conflicts of interest in the securitization market.

Lenders, Realtors and community associations team up to fight restrictions put in place following the condo collapse in Surfside, FL.

"Warning signs are also flashing on the horizon," according to Todd Harper, chair of the National Credit Union Administration.

More than a dozen actions are planned in the coming months.

Chopra didn't provide details on the CFPB's plans, though he noted issues with paperwork, servicing fees and credit reporting.