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CFPB Finalizes Rule to Remove Medical Bills from Credit Reports

CFPB Finalizes Rule to Remove Medical Bills from Credit Reports

by Phil Hall | Jan 7, 2025 | Industry Updates, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) finalized a rule that will remove medical bills from the credit reports. The CFPB’s new rule amends Regulation V, which implements the Fair Credit Reporting Act (FCRA), to stop from including medical bills on credit...
CFPB Sues Berkshire Hathaway Unit Vanderbilt Mortgage, Alleging ‘Risky Loans’

CFPB Sues Berkshire Hathaway Unit Vanderbilt Mortgage, Alleging ‘Risky Loans’

by Phil Hall | Jan 7, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Vanderbilt Mortgage & Finance, claiming the company was “setting families up to fail when they borrowed money to buy a manufactured home.” Maryville, Tennessee-based Vanderbilt originates...
A Phil Hall Op-Ed: Five Questions for the Trump Team

A Phil Hall Op-Ed: Five Questions for the Trump Team

by Phil Hall | Jan 6, 2025 | A Phil Hall Op-Ed, Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: Two weeks from today, Donald Trump will return to the White House. During last year’s presidential campaign, Trump offered next to nothing – okay, he offered nothing – regarding how he would address some of the major issues impacting housing policy....
CFPB Sues Rocket Homes and Jason Mitchell Group Over Alleged Steering and Illegal Kickbacks

CFPB Sues Rocket Homes and Jason Mitchell Group Over Alleged Steering and Illegal Kickbacks

by Phil Hall | Dec 24, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Rocket Homes, an affiliate of Rocket Companies Inc. (NYSE: RKT), that accuses the company of providing incentives to real estate brokers and agents in exchange for steering homebuyers to...
Sen. Elizabeth Warren Slams Elon Musk’s ‘Delete the CFPB’

Sen. Elizabeth Warren Slams Elon Musk’s ‘Delete the CFPB’

by Phil Hall | Dec 23, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Sen. Elizabeth Warren (D-MA) has criticized Elon Musk’s call to shut down the Consumer Financial Protection Bureau (CFPB), an agency that she helped create. Last month, Musk took to X to declare, “Delete CFPB. There are too many duplicative regulatory agencies.” Musk...
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