A court sided with junior bondholders, directing the trustee of certain legacy non-agency MBS to treat loss recoveries as subsequent recoveries.

A district court ordered HUD to develop a plan to disburse Fair Housing Initiatives Program grants before the funding lapses on Sept. 30.

The bill would shift the CFPB director from a voting member of the FDIC's board to a non-voting observer.

The merged entity could allow Figure to reduce warehouse costs for lenders, helping to generate more securitization volume.

Wells Fargo has been accused of charging borrowers improper mortgage fees during the origination process, while loanDepot is alleged to have violated the Truth in Lending Act’s loan originator compensation rule.

The bureau noted that it wouldn’t implement the rule if it received “significant adverse comments.”

Most of the complaint categories saw small moves during the second quarter, but consumer discontent regarding credit reporting stood out. (Includes two data tables.)

The bills seek to scale back activities at the CFPB, including proposals aimed at Section 1071 small business lending data collection.

House Republicans want to put a stop to the CFPB’s “regulation by enforcement” among other efforts aimed at scaling back the Dodd-Frank Act.

The federal banking agencies believe returning to the 1995 CRA regulation is the “the most effective” way to provide certainty regarding CRA requirements.