The bureau is seeking input on the proper understanding of who can serve as a “representative” making a request on behalf of the consumer and the optimal approach to the assessment of fees to defray the costs incurred in responding to a customer-driven request.
The Ninth Circuit Court of Appeals vacated a lower court’s dismissal and held that Unison’s equity-sharing agreement meets the definition of a reverse mortgage under the Washington Reverse Mortgage Act.
While banking trade groups favor regulators’ proposal to rescind the 2023 CRA final rule, consumer advocacy groups warned the rescission will stunt “much-needed” updates to the CRA framework.
It’s not yet clear exactly when the Homebuyers Privacy Protection Act will take effect, but mortgage industry experts say loan officers should already be changing their marketing practices.