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Hits and Misses for the Real Estate Week of Feb. 25-March 1

Hits and Misses for the Real Estate Week of Feb. 25-March 1

by Phil Hall | Mar 1, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A major retailer shutting down stores, a federal regulator being pressed for transparency and living in a Mercedes-Benz (but not a car). From the wild and wooly world of real estate, here are the Hits and Misses for the week of Feb. 25 to March 1. Miss: No Miracle on...
CFPB Faulted on Lack of Transparency in Civil Penalty Fund Disbursement

CFPB Faulted on Lack of Transparency in Civil Penalty Fund Disbursement

by Phil Hall | Feb 27, 2024 | Industry Updates, Real Estate News, WRE News Exclusive

An online news site has filed a Freedom of Information Act (FOIA) request to the Consumer Financial Protection Bureau (CFPB) to produce the full list of organizations that received payments from the Civil Penalty Fund that was created when the agency was established...
CFPB Faulted on Lack of Transparency in Civil Penalty Fund Disbursement

CFPB Settles Enforcement Suit Filed 10 Years Ago

by Phil Hall | Feb 8, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has announced a $12 million settlement that resolves an enforcement suit brought 10 years ago against a foreclosure relief operation that the agency identified as a scam. In May 2014, the CFPB filed a complaint against...
CFPB Faulted on Lack of Transparency in Civil Penalty Fund Disbursement

CFPB Issues Guidance on Background Check Reports and Credit File Sharing

by Phil Hall | Jan 11, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) issued guidance to consumer reporting companies to address inaccuracies in background check reports and problems in credit file sharing practices. According to the agency, the advisory opinion on background check reports...
CFPB and DOJ Sue Texas Developer Colony Ridge, Alleging Illegal Land Sales

CFPB and DOJ Sue Texas Developer Colony Ridge, Alleging Illegal Land Sales

by Phil Hall | Dec 20, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) and the U.S. Department of Justice (DOJ) have filed a lawsuit against the Texas-based developer and lender Colony Ridge, accusing the company of operating an illegal land sales scheme targeting tens of thousands of...
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