Acting Director Uejio said algorithm bias is top of mind when it comes to addressing issues related to racial bias in the housing appraisal process.

A top Republican lawmaker accused the CFPB of pushing out top-level career staff through “unusual and possible unlawful actions.”

The bureau said it will take into account any impact lenders faced regarding loan closings due to the last moment announcement of the Juneteenth holiday.

The government watchdog said most of the bureau enforcement attorneys and examiners it interviewed did not recall the director’s office or SEFL leadership communicating clear goals for the reorganization after its announcement or during the implementation.

The bureau said it no longer finds “persuasive” the previous CFPB leadership’s belief that Congress had not granted the agency examination authority under the Military Lending Act.

One of the solicitors contracted by Renovate America to sell PACE loans was a fake company using another entity’s name and licensing number.

While Black and Hispanic first-lien borrowers had denial rates of 17.2% and 11.2%, respectively, the rate for non-Hispanic whites and Asians came in at 6.1% and 9.1%, respectively.

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The senator from Pennsylvania also sent a letter to Rohit Chopra, President Biden’s nominee to run the agency, asking whether he had participated in getting rid of CFPB workers.

There has been a tenfold spike in the number of complaints about appraisal-related discrimination filed with HUD’s Office of Fair Housing and Equal Opportunity since 2019.