The public release of the complete 2018 HMDA dataset may lead to more fair lending scrutiny as it contains more information and is easy to access. Should lenders be concerned?
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Industry groups and consumer advocates have differing views on the CFPB’s proposal to raise reporting thresholds under the Home Mortgage Disclosure Act.
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The CFPB fined Freedom Mortgage $1.75 million to settle allegations that the nation’s eighth largest home originator intentionally reported inaccurate data under the Home Mortgage Disclosure Act.
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The CFPB is still actively conducting fair lending exams, said compliance experts, but it remains a question mark whether the exams will turn to enforcement actions.
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Lenders now have 15 more months to comply with the underwriting requirements of the payday lending rule. The CFPB is still considering rescinding that portion.
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The bureau is providing companies more information about potentially wrongful conduct. It is also providing the applicable provisions of law.
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The Structured Finance Industry Group wants the CFPB to reconsider its decision to take action against securitization trusts for the wrongdoing of independent student loan servicers.
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The CFPB issued guidance on the disclosure requirements for construction loans. But an attorney said the guidance falls short of what the industry is seeking.
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The Federal Deposit Insurance Corp. found violations of anti-kickback provisions under the Real Estate Settlement Procedures Act during 2018 supervision activities.
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