Senate Democrats called on the CFPB to increase oversight of credit reporting agencies. The CFPB director, though, is skeptical of creating a government-run credit reporting agency.
Federal and state regulators, including the CFPB, alerted residential servicers that the agencies will once again be exerting their supervision and enforcement authority when it comes to practices involving borrower communication.
A recent study found a vast majority of borrowers prefer to close in-person. Possible lesson: The benefits of new technology should be carefully weighed against its costs, Stratmor says.
A consumer advocacy group with a high profile filed complaints against Movement Mortgage and Fairway Independent for lending violations under the Fair Housing Act.