Rocket Mortgage claims it had no authority to correct the alleged discriminatory appraisal connected to a refinance application. The lender said it expects to be vindicated.

Fewer than 3,000 people have been convicted of federal mortgage fraud over the past 12 years and most didn’t serve the maximum sentence, according to an industry researcher.

The CFPB this month ended consent orders against four companies, including Apple and U.S. Bank, citing payments of penalties, among other reasons.

Many industry stakeholders are worried the proposal would create consumer protection gaps in the financial sector.

While some industry members are pushing the bureau to raise larger participant thresholds, others worry the reduced oversight will harm consumers.

Some guidance documents tied to the Real Estate Settlement Procedures Act were not among the dozens of guidance documents withdrawn by the CFPB earlier this year.

CFPB proposal on ECOA being reviewed by OMB; NTEU drops one lawsuit against CFPB; ABA asks federal agencies to make sure OCC upholds a national bank preemption standard.

A solid quality control program is critical to mitigating fraud risk, as well as protecting a lender’s perceived risk, according to industry attorneys.

The $510 million deal received a AAA rating from Moody’s Ratings.

The trade groups offered suggestions to lawmakers as part of a bipartisan effort to reform the National Flood Insurance Program.