Regulations under Section 8 of RESPA are “obsolete and costly with few consumer benefits,” according to the MBA.

State regulators plan to move the One Company, One Exam effort out of pilot into full operation, beginning with larger mortgage companies.

The companies were accused by the CFPB of mishandling credit card disputes and misleading consumers about payment options.

The bureau released guidance that details employers’ responsibilities and consumer protections under the FCRA involving worker surveillance technologies.

CFPB, Townstone to settle lawsuit; CFPB fines credit union for alleged system update failures; Meta under investigation by CFPB; Paypal Credit receives CID; NCUA plans fair lending hire; consumers support overdraft protections; open recommendations from the CFPB’s OIG; Capital One faces possible enforcement action.

Fannie Mae found that most mortgage lenders think it would be valuable to simplify and standardize closing cost line-item descriptions.

The final rule doesn’t apply to mortgage companies, but the CFPB is considering a future rulemaking tied to the mortgage industry. For now, the new rule could help mortgage lenders approve more borrowers.

The trade group’s general recommendations focus on changes to marketing services agreements, digital marketing and lead generation.

Residential MBS transactions will likely experience a spike in delinquencies, but performance will return to pre-storm levels within a year, according to Moody’s.

A Black borrower alleged that Rocket Mortgage canceled her refinance application after she repeatedly requested that her home appraisal be revised because it was discriminatory.