The National Consumer Law Center requested the CFPB institute rules that would help spread the word about the rental assistance program and protect consumers from negative consequences while they waited for relief funds.
Asset-size exemption thresholds altered; state AGs ask FHA to push servicers to implement COVID-19 loss-mitigation offerings; bureau survey results show some consumers’ finances improved during the pandemic; CFPB joins amicus brief in lawsuit over who counts as a credit “applicant.”
The resignation, effective Feb. 4, will leave the FDIC board composed entirely of Democrats. It follows a highly visible — and unusual — partisan spat among board members.
GAO found that between fiscal years 2016 and 2020, a mere 0.07% of mortgages purchased by Fannie Mae and Freddie Mac were made to borrowers without credit scores.
The defendants said the case was not timely and the bureau’s allegations didn’t apply to them because of statutory wording. The judge, using dictionary definitions and SCOTUS precedent, rejected those claims.
In a deal expected to close by year end, Rocket Companies will pay $1.28 billion in cash to acquire personal finance app Truebill, a six-year-old tech start-up with 2.5 million users.