Tag Archives: CFPB

Rohit Chopra, Director of the CFPB, said, “Companies are not absolved of their legal responsibilities when they let a black-box model make lending decisions.”

The Consumer Finance Protection Bureau is closing one office but opening another to promote competition and innovation in consumer finance.

According to the latest Pending Home Sales Index (PHSI) from the National Association of Realtors (NAR), pending home sales slipped 4.1% month-over-month in March, marking the fifth consecutive ...

Newly implemented standards will help protect homebuyers and owners from bias and inaccuracy during the home valuation process.

As COVID-19 safety nets end, a report by the Consumer Finance Protection Bureau shows minority renters face the greatest challenges. 

Officials say the data provides a baseline for mortgage market trends and consumer sentiment about the origination process prior to COVID-19.

The CFPB's "seasoning pathway to safe harbor is not a panacea," researchers noted, “but at the margin, the pathway will expand the credit box."

The redesigned URLA includes additional demographic information to help regulatory agencies identify discrimination patterns in the mortgage industry. Preparation is the key to avoiding any disruption to your business.

The CFPB aims to "ensure a smooth and orderly transition away from the GSE Patch." Here's how long the Bureau is extending it to aid in this transition.

During her testimony before the Senate Committee on Banking, Housing, and Urban Affairs, Director Kathleen Kraninger discussed recent enforcement actions, but faced pushback from some critics.