The CFPB’s fair lending director in a new blog post reminded borrowers they can use reconsideration of value processes to question appraisals. The post came with a more subtle message directed at lenders: Make your ROV processes as easy to use as possible.

VC money is still available for some lenders...

A judge held that the CFPB’s 2020 Home Mortgage Disclosure Act rule that introduced a higher loan-volume reporting threshold was in part arbitrary and capricious.

The lawsuit claims the CFPB overstepped its authority when revising its supervisory exam manual to consider discrimination an unfair, deceptive or abusive act or practice.

The Second Circuit ruled that a New York law requiring banks to pay interest on mortgage escrow accounts was pre-empted by the National Bank Act.

The $13 million settlement with the New Jersey-based bank was the third-largest redlining settlement in DOJ’s history.

The bureau is focusing its efforts on tackling digital redlining, reining in repeat offenders and identifying emerging risks, according to the bureau’s fair lending director.

The bureau’s special supervisory highlights report cites instances of university-owned lenders withholding academic transcripts to coerce borrowers into making payments.

The Federal Trade Commission and California’s Department of Financial Protection and Innovation have initiated action against a group of companies for making false claims related to mortgage modifications.

The Center for Responsible Lending and Consumer Bankers Association have jointly requested rulemaking on personal lending, while the National Consumer Law Center wants rulemaking to prohibit the listing of medical debt on credit reports.