U.S. Bank fined; debt collection FAQs updated; auto lenders reminded of military family protections; NFHA fights BofA’s attempt to dismiss discrimination case; CFPB to require banks to refund money transfer scam victims; Rep. McHenry criticizes alternative data mortgage bill; House Republicans request documents on state AG-CFPB relationships.

The House passed the SECURE Notarization Act, which would allow for remote online notarization and set minimum standards. It would also allow for interstate notarizations.

The $249.2 million issuance from the Israeli fintech firm is backed by one loan.

The proposed consent order with the Pennsylvania-based mortgage lender, if entered by the court, would be the CFPB’s first redlining resolution with a nonbank.

The lender, Pennsylvania-based Trident Mortgage Company, was accused of redlining majority-minority neighborhoods in the Philadelphia area and will pay over $22 million under the settlement.

Chopra says he wants “to more clearly communicate the agency’s expectations..."

ESG characteristics remain a hot topic in the MBS market but there's no standardization in data or practices.

The CFPB has batted around the idea of a nonbank registration system for years...

Angel Oak Director Robert McDonough noted the difficulties in pricing climate risks into securities. However, once investors can more actively analyze risks, residential MBS loan pools are likely to change, he said.

The Consumer Financial Protection Bureau is likely to move forward with the QM definition established in late 2020, with possible tweaks to seasoned QMs, according to industry participants.