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.

“If I were a dues-paying member of these trade groups, I might ask for my money back,” said Jesse Van Tol, president and CEO of the National Community Reinvestment Coalition, commenting on bank trade groups challenging revisions to CRA standards.

The banking industry has come under criticism from consumer groups for filing a lawsuit against the new Community Reinvestment Act standards.

The new disclosures on compliance findings from bank exams in 2022 include the nature of the violations, mistakes and risk mitigants.