Industry groups and consumer advocates have differing views on the CFPB’s proposal to raise reporting thresholds under the Home Mortgage Disclosure Act.
The Federal Deposit Insurance Corp. found violations of anti-kickback provisions under the Real Estate Settlement Procedures Act during 2018 supervision activities.
U.S. Bank has sued Bank of America for breach of contract related to a nearly $2 billion pre-crisis residential MBS trust. Separately, HSBC has been given another shot at its lawsuit against Deutsche Bank.
It may be the industry's best-kept secret: The Consumer Financial Protection Bureau is actively pursuing fair lending cases, according to compliance experts speaking at an ABA conference this week. Whether any charges will be filed is a different matter.
The CFPB issued guidance on the disclosure requirements for construction loans. But an attorney said the guidance falls short of what the industry is seeking.
The public release of the complete 2018 HMDA dataset may lead to more fair lending scrutiny as it contains more information and is easy to access. Should lenders be concerned?
The Structured Finance Industry Group wants the CFPB to reconsider its decision to take action against securitization trusts for the wrongdoing of independent student loan servicers.