A former economist at the CFPB on his last day accused Trump appointees at the bureau of manipulating the research process to justify the payday lend-ing rule overhaul, according to a leaked memo.

The CFPB reminded lenders to ensure compliance with fair lending obligations when handling applications under the Paycheck Protection Program.

Annual fair lending report issued; CFPB’s COO Kate Fulton to join FHFA; consumer complaint database enhanced.

Consumer criticisms regarding mortgages topped the list of coronavirus-related complaints filed with the CFPB in April.

Analysts expect there will not be a surge in home equity line of credit draws during the economic crisis sparked by the pandemic.

The increase, though, is relatively modest compared to expectations, as more borrowers likely became 30-day delinquent on May 1.

Rating services anticipate the sharp rise in the unemployment rate brought on by the pandemic will damage borrowers’ ability to repay loans.

Investment losses dented title insurance underwriters’ bottom lines in the first quarter of 2020. However, the refinance boom boosted their order volume.

The CFPB will use supervisory feedback, rather than enforcement actions, to identify compliance issues in MSR transfers during the pandemic.

Complaints about debt collection, the second most-criticized category, increased 7.2%...