According to industry attorneys, the updated rule signals that the CFPB will “increasingly encourage, and perhaps pressure, nonbanks to consent to be supervised.”
Judge in credit card lawsuit can continue; Republicans warn the bureau against rulemaking to limit arbitration; California tech school banned from lending.
The use of discount points to lower mortgage rates has jumped in recent years as interest rates continued to climb. But the benefit of the points for the borrower is unclear, the CFPB said in a report.