A California law requiring interest to be paid on escrow account balances doesn’t “significantly interfere” with the powers of national banks, state regulators argue.

CFPB continues to update APOR; Illinois could create state-level CFPB.

Some 17.2% of homeowners with mortgages had an interest rate greater than or equal to 6% at the end of the third quarter of 2024, compared to 12.3% in the third quarter of 2023.

The next round of improvements will ease the application process for mortgage loan originators.

Former FDIC board member Jonathan McKernan has been nominated to head the CFPB. Meanwhile a new acting director shut down all agency activities, spurring staff protests and lawsuits.

Fair lending legislation has shifted gears towards ensuring all consumers have access to financial services regardless of their political beliefs.

As of Monday morning, the bureau's website home page showed a "404 error: not found" message.

An executive order directs agencies to identify at least 10 regulations or guidance documents to repeal for every new regulation issued.

Lenders should work to reduce the Latino homeownership gap, according to Laura Arce, senior vice president for economic initiatives at UnidosUS said.

Compliance deadlines with the Section 1071 data-collection rule are set to start in July but could be postponed.