News - Page 18 | Inside Mortgage Finance

Registration Opens for CFPB’s Nonbank Compliance Tracking System

October 21, 2024

All new covered orders must be submitted within 90 days of the order’s effective date, according to the bureau’s final rule on the registry.

CFPB Homes In on Illegal Auto Finance Practices

October 21, 2024

Shannon Clark

The findings published in the CFPB’s latest supervisory highlights report are largely in line with previous bureau actions.

Other News in Brief

October 21, 2024

Shannon Clark

FTA sues CFPB over BNPL interpretive rule; DOJ reaches first redlining settlement with a credit union; CFPB files lawsuit against student loan provider; regulators update nonbank ransomware self-assessment tool.

Democrats Urge Regulators to Rein In FICO

October 21, 2024

Dennis Hollier

The Democrats calculate that the cost of a FICO score has increased by as much as 400% over the past two years.

FHLBanks React to Treasury Threats on Affordable Housing

October 18, 2024

Dennis Hollier

The Council of Federal Home Loan Banks said Treasury’s proposal that the FHLBanks use their excess retained earnings to support affordable housing is asking them to operate on minimum capital levels.

OIG Adds GSE Multifamily Risk to Concerns for FHFA

October 18, 2024

Dennis Hollier

The list of challenges facing FHFA include the GSEs’ multifamily business, the Office of Inspector General said in a new report.

Second Insurance Firm Settles With Freddie on D&O Claims

October 18, 2024

Dennis Hollier

AXIS Insurance became the second entity to settle in a Freddie lawsuit alleging that some D&O insurance providers refused to properly reimburse the GSE for legal expenses incurred during the 2008 crisis.