The CFPB should allow lenders to adopt approaches using artificial intelligence in ways that expand credit access and limit fair lending risk, the MBA said.
In a first-of-a-kind study, the CFPB examined commercial credit reporting and its impact on consumer credit. But is the bureau highlighting an area for later enforcement action?
Patrice Ficklin appointed to interagency mortgage appraisal task force; Maine updates mortgage servicer definition; states take action on RON; GreenSky to refund $9 million in unauthorized loans.
The Mortgage Bankers Association is asking organizations representing governors and state regulators for help in extending remote work flexibility for licensed loan officers.
The first step for many companies looking to ramp up efforts to increase diversity and inclusion: hiring a diversity officer. The MBA’s diversity officer has some other suggestions too.