The bureau said years of experience demonstrated the utility of publishing such narratives is minimal.

Democratic attorneys general in 10 states urged a federal court to block two of the OCC’s recent final rules from taking effect.

In an amended complaint, consumer groups argued that the CFPB failed to consult with the appropriate prudential regulators prior to issuing its ECOA rulemaking process.

The updates were made to adhere to the changes made under a final rule that recently took effect.

Industry experts said the mortgage industry is using AI for compliance efforts such as flagging fraud, asset reverification or ensuring operational controls are in place.

Consumer advocates want more time to comment on CRA proposal; former CFPB senior official is leading a state regulatory agency.

The Community Home Lenders of America urged the CFPB to pursue loan originator compensation reform as the bureau weighs changes to the TILA-RESPA Integrated Disclosures rule.

The appellate court ruled that entities that purchase defaulted mortgages must be licensed in the state.

A group of state regulators fined Newrez for servicing issues, while California fined Academy Mortgage for lackluster cybersecurity.

Trade groups targeted waiting periods and fee disclosures.