The new registry includes some exemptions for nonbanks already reporting regulatory and court orders to the NMLS.

The request for information touches on various fees associated with mortgage originations. Trade groups representing lenders are concerned that the CFPB will find that fee-disclosure standards are insufficient.

DTI ratio was a factor in 38.45% of denials of applications for purchase mortgages in 2023.

"The CFPB’s new rule will help law enforcement across the country detect and stop repeat offenders," said CFPB Director Rohit Chopra.

"Companies that are putting bad information on those reports, there needs to be some accountability for them and the ones who are assembling these reports," said CFPB director Rohit Chopra.

The Supreme Court wants the Second Circuit Court of Appeals to conduct a nuanced comparative analysis of whether state consumer protection laws apply to national banks.

The CFPB has issued a request for information on how closing costs are impacting home affordability and accessibility.

Since September 2022, the Federal Reserve has been in a deficit and has still continued to fund the CFPB, a problem for the legality of the bureau’s funding, according to Hal Scott, a Harvard Law professor.

High debt-to-income ratio remained the largest denial reason for purchase-mortgage applications in 2023, while credit history issues moved into the top spot for denials of refinances.

The CFPB plans to use its authority over credit card providers to apply to buy now, pay later providers. The move could face a legal challenge.