The bill would require consumers to attest “under penalty of perjury” that their submitted complaints to the CFPB are true.

There will be detrimental consequences for borrowers and mortgage investors if the CFPB goes through with changes suggested by President Trump, according to a recent analysis.

House moves bill with Section 1071 exemptions forward; MBA, AARMR launch AI survey; Enova’s bank application faces opposition.

The warning came amid widespread adoption of artificial intelligence in the housing and mortgage industry.

The Second Circuit Court of Appeals altered some of its original findings in a lawsuit dealing with MBS liability under the Employee Retirement Income Security Act.

The trade group said a single-pull credit report is enough, if there are proper guardrails in place to prevent lenders and borrowers from “gaming the system.”

The final rule eliminating disparate impact from enforcement of the Equal Credit Opportunity Act was issued as it was proposed in November, despite more than 64,000 comments on the proposal.

The trade group called for the CFPB to implement regulatory reforms across the board so that all sizes of lenders can see lower costs and boost mortgage access.

The initiative could face regulatory hurdles, attorneys warned.

Increases were recorded across all four complaint categories, covering both servicing and originations.