The settlement will provide up to $700 million in monetary relief and penalties following the 2017 data breach of Equifax’s systems that impacted approximately 147 million consumers.
Read More »Veterans and the Mortgage Industry
This 4th of July, MReport looks at some of this year’s key initiatives by the mortgage industry that are aimed at helping military veterans become homeowners.
Read More »The Potential Pitfalls of HMDA Deregulation
An expert gives insights on how dwindling of reporting data could harm underserved communities and weaken bank performance evaluation.
Read More »Democratic Congress Members Oppose Proposals by CFPB
More than 60 Democratic members of Congress, including Chairwoman of the House Financial Services Committee Maxine Waters, protested a proposal by the Consumer Financial Protection Bureau (CFPB) that ...
Read More »HECM Loan Origination Drops
Even as HECM originations declined overall, here are the lenders that saw a spike in the origination of these loans.
Read More »CFPB Debt Collection Policy Update: Industry Impact
The CFPB recently proposed some new rules for debt collectors. Here's what the Bureau said.
Read More »CFPB’s Kathy Kraninger on Debt Collection, FDCPA
In a recent Keynote Address, CFPB Director Kathy Kraninger discussed rulemaking and guidance in regards to financial services, and how the Bureau is addressing the outdated FDCPA.
Read More »Senators Call for Removal of Wells Fargo’s Sloan
In a letter to Federal Reserve Chairman Jerome Powell, Senators Elizabeth Warren and Sherrod Brown have urged for Wells Fargo’s growth restrictions not to be lifted until Wells Fargo President and CEO Tim Sloan is removed.
Read More »A Clear Path Forward for the CFPB
Following the CFPB’s calls for 12 different RFIs last year, one mortgage industry group released an entire new “roadmap for the future” of the regulator.
Read More »Servicer Supervision Reveals 4 Problem Areas and Resolutions
In its most recent supervisory report, the CFPB identified four main problem areas at mortgage servicers as well as servicers’ solutions.
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