The Seattle City Council unanimously passed legislation sponsored by Mayor Katie Wilson that will end “junk fees,” the add-on fees charged to rental housing tenants. King5.com reports the new law goes into effect on July 1, 2027, and will prevent landlords from...
A new scholarship program for aspiring teen real estate professionals, the CFPB’s digging for “junk fees” and interest rate cuts across the Atlantic. From the wild and wooly world of real estate, here are the Hits and Misses for the week of May 27-31. Hit: Educating...
The Consumer Financial Protection Bureau (CFPB) has begun a public inquiry into mortgage closing costs, claiming that so-called “junk fees” are inflating these costs. The agency issued a request for information regarding which fees are subject to competition, how fees...
The Consumer Financial Protection Bureau (CFPB) is pursuing the Biden administration’s campaign against so-called junk fees by publishing an edition of Supervisory Highlights featuring what the agency described as its actions “to combat junk fees charged by mortgage...
The head of the Mortgage Bankers Association (MBA) has criticized the Consumer Financial Protection Bureau (CFPB) of being both “politically motivated” and ignorant regarding the closing costs process in homebuying. On Friday, the CFPB published a blog...