Industry trade groups believe the request for information is unwarranted as fees on consumer financial products and services are already backed by adequate disclosure requirements.

The charges against MoneyGram, a remittance provider, include failure to deliver funds promptly to recipients abroad.

The denial rate on applications for refinances increased in 2021, while the purchase-mortgage denial rate declined. For both categories, inadequate debt-to-income ratios were the main reason for denials. (Includes two data charts.)

The bank had refused to approve a couple’s mortgage application until the wife returned from maternity leave, HUD said in its complaint.

The bureau said the credit reporting agency used digital tricks to manipulate people to sign up for fee-based subscriptions.

The bureau received just five comment letters on its proposed alterations to in-house adjudication procedures.

The CFPB names banks reporting the most overdraft fee and non-sufficient fund revenue in 2021; the bureau is examining transcript withholding as a debt collection practice; complaints relating to medical bills.

Mortgage industry stakeholders underscore how alternative data could help ensure equitable credit provision. Machine learning is key to identifying how alt data affects credit but also carries possible additional biases, they said.

Kroll Bond Rating Agency estimates around 60% of loans maturing through 2023 would be able to refinance without added costs. But the refi prospects for retail properties and lodging are bad.

The company sees demand for contract underwriting from mortgage lenders trying to originate purchase mortgages and other new products amid margin compression.