The CFPB imposes penalty on overdraft fees; online lender sued; money transfer firm fined; term lender’s appeal fails.

In an insurance claim dispute resulting from Guaranteed Rate’s settlement with the DOJ involving the False Claims Act, a court said Ace American Insurance Company has to pay the lender for the cost of the settlement.

The cocktail of recessionary risk and inflation is putting pressure on the performance of MBS and ABS. Some sectors will perform better than others.

The CFPB’s 2020 rule, exempting some institutions from Home Mortgage Disclosure Act reporting, was found to be arbitrary and capricious by the D.C. District Court.

Chopra said the CFPB must be the "financial first responders" if consumers are subjected to systemic abuse...

Under the settlement, the bank will invest at least $12 million in a loan subsidy fund for the affected areas...

DBRS released proposed updates to its North American CMBS Insight Model and multi-borrower rating methodology, and Moody’s proposed revisions to its SFR securitization loan-level legal analysis framework and added transparency on analysis of transaction-level legal risks.

Jonathan Kolodziej, an attorney at Bradley, believes the RFI is a significant opportunity for the mortgage industry to have a say in any future regulatory framework related to refinances and loss mitigation.

The Republican senators are warning Chopra the CFPB is not all-powerful or unaccountable...

The bureau wants to know how it can make it easier and less risky for consumers to refinance their mortgages, and how it could spur the creation of new products.