A November plan to transfer the bureau’s active enforcement actions to the Department of Justice appears to no longer be in the works, according to an industry attorney.
The move clarifies that the Equal Credit Opportunity Act doesn’t prohibit lenders’ consideration of immigration status when evaluating credit applications.
Fed Chairman Powell said the investigation is a pretext and the real crux is the Fed's refusal to comply with President Trump's calls to lower interest rates.
After months of investigating Trump critics over allegations of mortgage fraud, FHFA Director Bill Pulte increasingly finds himself the target of investigations into possible episodes of misconduct and the misuse of power.
The administration’s firing of FHFA’s acting inspector general comes on the heels of the departure of several GSE executives and news that most of the ethics and internal investigations team at Fannie have been laid off.
Rocket Mortgage claims it had no authority to correct the alleged discriminatory appraisal connected to a refinance application. The lender said it expects to be vindicated.
CFPB proposal on ECOA being reviewed by OMB; NTEU drops one lawsuit against CFPB; ABA asks federal agencies to make sure OCC upholds a national bank preemption standard.
Joe Gormley nominated for Ginnie president; UBS pays DOJ to end lingering non-agency MBS obligations from Credit Suisse; Chase marketing non-agency MBS with reperforming loans.
CFPB moves Section 1071 compliance dates forward; ICE launches APOR Index; CFPB to continue lawsuit against Student Loan Pro; DOJ seeks to end Lakeland Bank consent order early; California’s CRA bill moves forward; CFPB acting enforcement director resigns; Georgia approves changes to residential mortgage licensing law; RiskExec updates software to comply with the NY CRA.