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Report: CFPB Pushing Ahead on Rulemaking Before Trump’s Return

Report: CFPB Pushing Ahead on Rulemaking Before Trump’s Return

by Phil Hall | Dec 2, 2024 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) is reportedly rushing to complete new rulemaking ahead of the transition to Donald Trump’s second presidential administration. According to a Reuters report sourced from three unnamed “people familiar with the...
Report: CFPB Pushing Ahead on Rulemaking Before Trump’s Return

CFPB in Settlement with Townstone Financial Over Alleged Chicago Redlining

by Phil Hall | Nov 4, 2024 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has filed a proposed order to resolve charges that Townstone Financial, a nonbank mortgage broker and lender, intentionally discriminated against predominantly Black neighborhoods in Chicago in violation of the Equal...
Guest Opinion: The CFPB’s Approach to Mortgage Refinancing

Guest Opinion: The CFPB’s Approach to Mortgage Refinancing

by Rohit Chopra | Sep 10, 2024 | Current News & Events, Guest Opinion, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rohit Chopra is director of the Consumer Financial Protection Bureau (CFPB). This article is adapted and edited from a speech delivered yesterday at the National Housing Conference in Washington, DC. While we often focus on homeownership as a vehicle for accumulating...
Report: CFPB Pushing Ahead on Rulemaking Before Trump’s Return

CFPB Fines NewDay USA $2.25 Million Over Misleading Costs on Cash-Out Refinance Loans

by Phil Hall | Aug 30, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has fined New Day Financial (NewDay USA) $2.25 million for problems related to active duty servicemembers and veterans seeking cash-out refinance loans. New Day Financial is a nonbank direct mortgage lender headquartered...
Report: CFPB Pushing Ahead on Rulemaking Before Trump’s Return

House GOP Members Warn CFPB on Removing Medical Bills from Credit Reports

by Phil Hall | Aug 16, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

Republican lawmakers in the House of Representatives have raised concern over a proposed rule by the Consumer Financial Protection Bureau (CFPB) that would remove medical bills from consumer credit reports. In a letter to CFPB Director Rohit Chopra, the lawmakers led...
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