The three national credit reporting agencies’ poor response to consumer complaints raises serious questions about their intentions, the CFPB said in a new report.

While both industry and consumer groups generally support the proposed rule’s objectives, they want the CFPB to reconsider some definitions and reporting of certain discretionary data points.

While industry trade groups want fewer companies and products to fall under the scope of the proposed small-business lending data collection rule, consumer advocates mostly want the opposite.

UI researchers said regulators should either “blend” minority neighborhoods and borrowers into Community Reinvestment Act lending measures or give extra credit for lending to minority LMI communities or borrowers. Both approaches come with problems.

Attorneys expressed dismay over how a procedural disagreement tied to a request for comment morphed into a partisan brawl over who holds authority.

A district court had allowed DHI Mortgage Co. to compel arbitration on employment-related claims brought by a former employee.

The selection of survey participants will be based on the region, product line and entity type and will remain confidential, the CFPB said.

HMDA filing period opens; CFPB issues medical debt bulletin; CFPB sues debt collectors; CFPB files amicus brief in MLA lawsuit; OIG releases quarterly work plan.

The recommendations from a coalition of lenders, led by the Mortgage Bankers Association, were oriented largely at reducing the burden of data collection by allowing loans to be screened out of the process more easily.

Moody’s Investors Service estimates more than $22 billion of utility cost recovery charge securitizations will be issued in 2022 and 2023.