The new rule codifies financial institutions’ existing obligations under the state antidiscrimination law.

President Trump wants Congress to enact a temporary 10% cap on credit card interest rates, while CFPB actions seem to be causing rates to go up.

Senate Democrats urge CFPB to rescind ECOA proposal; federal court denies trade group’s challenge to the PACE rule; 22 state AGs seek partial summary judgment in a lawsuit against the CFPB.

State regulators said OCC’s proposals seeking to preempt state interest-on-escrow laws exceed its authority and ignore legal precedent.

The mortgage industry is concerned that new state-level artificial intelligence regulations will impose duplicative or conflicting requirements.

Third-quarter results were hampered by a legal settlement.

FICO says the recent surge in adoption of 10T scoring is largely driven by community lenders operating in underserved markets.

The proposals would preempt 12 state laws designed to discourage banks from inflating escrow-account balances as a source of interest-free funding.

The deal will expand Pagaya’s point-of-sale platform. The fintech also launched a revolving asset-backed funding structure this month.

With states increasing their regulation of artificial intelligence, trade groups representing the mortgage industry are concerned state regulation will interfere with federal mandates.