California’s new Business and Consumer Services Agency, led by former CFPB Director Rohit Chopra, will crack down on corrupt practices, lift small businesses and assist with state enforcement efforts.

The court found that mortgage borrowers failed to adequately state claims alleging violations of RICO, RESPA and a state consumer protection law.

Mark Paoletta said under Trump-era leadership, the bureau is developing targeted educational materials for consumers and is working to become a source of “unbiased objective information” consumers can trust.

Chris Willis, a partner at the law firm of Troutman Pepper Locke, said any credit risk identified in the new guidance from federal regulators is likely to have already been considered by lenders.

CFPB sends Section 1033 proposal to OMB for review; court upholds Lakeland Bank’s redlining consent order.

The proposal would retain much of the 1995 regulatory framework while making changes to asset size thresholds and narrowing the range of retail banking services subject to CRA standards.

Adoption of AI in underwriting could significantly reduce refinancing costs for small loans, eroding the prepayment protection low-loan balances have typically provided.

Freddie's consolidated net revenues hit $6.0 billion in the second reporting period of the year, up 1% year-over-year.

Brandon Milhorn, president and CEO of the Conference of State Bank Supervisors, wants state examiners to be able to do their jobs and not function as data clerks.

Buyers have the least negotiating power in Hartford, CT, and the most in Detroit.