The real estate brokerage agreed to pay $2.25 million and change its marketing to settle a lawsuit brought by the Massachusetts attorney general’s office.
Sheila Oliver, deputy commissioner at the California Department of Financial Protection and Innovation, advised mortgage companies to have strong monitoring systems to verify per diem interest after loan closing and detect any adverse events impacting their systems.
At a House hearing on fraud, Democrats argued that the CFPB is essential to fighting fraud, but needs support. Republicans largely ignored the arguments.
Protect Borrowers, a consumer advocacy group, alleged that Bilt is causing harm to consumers by mishandling rent payments and disabling access to accounts as it transitions to a new credit card partner.
A new executive order directs federal agencies to consider changing several major mortgage regulations in part to increase mortgage lending by smaller banks. Consumer advocates raised alarms.