The statement on principles relates to the examination of lenders’ residential property appraisal and evaluation practices. Federal regulators believe it will help lenders mitigate risks due to potential discrimination or bias in appraisal practices and to promote credible valuations.

The update, the first in nine years, broadens the pool of CFPB officials eligible to evaluate appeals, the options for resolving appeals and the matters subject to appeals.

Providers of earned wage access products are seeking federal oversight in an effort to avoid a patchwork of state requirements.

The CFPB survey found that large credit card issuers offered worse interest rates than smaller issuers across credit score buckets.

Former HUD officials launch new compliance consulting firm; CFPB issues CID to Honda Finance; CFPB seeks further auto finance data; bureau to distribute funds to consumers harmed by debt relief company.

The consumer loans originated through this partnership will be acquired by Pagaya for securitization purposes.

The Fed provided a list of “sound practices” for HMDA reporting, including recommending oversight by the bank’s board and senior management, standardized processes and training.

Many of the problematic provisions in UWM’s employment contracts are common in the mortgage industry.

Jillian White, CEO of Appraisal Insights, called for the elimination of the supervisory-trainee program.

According to data from the Bureau of Labor Statistics, 94.7% of appraisers are white and 0.6% are Black.