The trade group believes the CFPB should not take enforcement actions or conduct investigations of nonbanks unless asked to do so by a state regulator.
In her first interview since leaving office, former CFPB Director Kathy Kraninger touted her policy encouraging responsible business conduct and explained why she focused on supervision rather than enforcement.
Experts believe a properly configured customer relationship management system can help lenders survive the change from a refi-heavy market to a purchase one.
The New York Supreme Court’s Appellate Division said the continuing nature of the alleged harm defeated the state’s six-year statute of limitations for breach of contract claims.
The bureau also has dropped pursuit of two rulemakings under the Home Mortgage Disclosure Act. One concerns the data points lenders must report and another is related to the public disclosure of HMDA data.