The settlements tied to the 2020 Monster Loans case, in which unlawfully obtained credit reports were provided to debt-relief companies, now top $46 million.
Loans backed by hotel and retail properties, which have been hit particularly hard by the pandemic, will be difficult to refinance, the rating service said.
Industry trade groups want the final rule to include clear exceptions to the moratorium provisions, clarify the scope of the streamlined modification exemption and streamline proposed early intervention requirements.
Lawmakers are trying to push the CFPB to reconsider the delay in the mandatory compliance date of the general qualified mortgage rule, urging the bureau instead to commit to a longer-term approach to monitoring the broader implications of lending under the rule.