The CFPB and the FTC have filed an amicus brief supporting borrowers in a case against Ocwen Loan Servicing, while lender trade groups urged the Supreme Court to intervene in a federal preemption case.

Banner Bank denied the allegations, but said it agreed to a class settlement to fully focus on its core business.

A trial disclosure program launched in November for construction loans doesn't have any approved participants.

The number of loans in commercial MBS with NRA determinations more than doubled in 2023 and is expected to rise again this year.

Questions posed by Supreme Court justices during oral arguments suggest the court could rule in favor of banks seeking preemption from state laws requiring interest payments on mortgage escrow accounts.

The Supreme Court heard oral arguments Tuesday on whether states can require banks to pay interest on funds held in servicing escrow accounts.

CFPB officials directed critical questions at Appraisal Foundation President David Bunton during a recent hearing by the Federal Financial Institutions Examination Council’s Appraisal Subcommittee.

David Bunton, who has been serving as president of the Appraisal Foundation for more than 33 years, was recently thoroughly questioned by CFPB Director Rohit Chopra regarding transparency, conflict of interest and selection of his successor. Bunton is set to retire this year.

The American Bankers Association in a series of letters to the CFPB and other federal regulators raised concerns over “characterizing as guidance what is in practice a legislative rule” that is required to go through a formal notice-and-comment rulemaking.