Cart

Inside the CFPB

September 12, 2022

View Archived Issues

NCRC Raises Concerns About Missing Demographic Data in HMDA

The National Community Reinvestment Coalition criticised the growing practice among lenders of not collecting race and ethnicity data under HMDA, saying 23% of listed loans now lack the information. Read More

Study: Nonbank Market Share Growth Reduces Mortgage Gripes

Researchers have found that as nonbank mortgage lenders increase their market share in a county, the frequency of mortgage-related complaints filed with the CFPB decreases. Read More

CFPB Asks Court to Force Fintech Block to Hand Over Documents

The CFPB said the company hadn’t met any of its self-imposed deadlines to provide information regarding how it handles consumer disputes. Block operates popular peer-to-peer payments service Cash App. Read More

Nonbanks Advised to Protect Against Redlining Claims

Attorneys for law firm Garris Horn said lenders should take certain steps to protect themselves against redlining accusations by regulators, recommending lenders virtue signal more often. Read More

MBA, California Affiliate Seek State Privacy Law Clarifications

The two trade groups want the California Privacy Protection Agency to clarify what behaviors are prohibited under its proposed data privacy and security rules. Read More

CFPB Moves to Protect Residents of Nursing Homes

The CFPB said it would no longer tolerate nursing homes requiring caretakers to take on a prospective nursing home resident’s costs of care as a condition of admission. Read More

DOJ Sides With Democrats in FDIC Board Spat

A maneuver involving Rohit Chopra and the Federal Deposit Insurance Corp. board in December 2021 was allowable under FDIC bylaws, according to an opinion published by the DOJ’s Office of Legal Counsel. Read More

CFPB Highlights Appalachians’ Financial Characteristics

The CFPB found that rural Appalachians have higher cost of credit, higher mortgage application denial rates and more reliance on loans for manufactured housing that are often of a higher cost. Read More

Other News in Brief

CFPB taps Civil Penalty Fund for victim relief; bureau warns of phone imposter scam; Georgia tweaks license laws; R.I. allows remote work; OCC reduces bank assessment rates. Read More

Latest Imf News

More Imf News

Featured Data

More Featured Data

Featured Reports

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

View Results