CFPB

In an effort to make the intersection of fair lending and technology a priority, the CFPB has issued guidance on how lenders must issue consumers accurate and specific reasons for credit denials when utilizing artificial intelligence.

The Five Star Conference & Expo closed out with a lively discussion on the latest headwinds impacting the mortgage servicing space, featuring top mortgage servicing execs, economists, and government reps exchanging ideas on how to move the industry forward.

At the annual Five Star Conference in Dallas, the 30-year industry trailblazer was recognized for her accomplishments in the mortgage finance space throughout her career.

The Legal League held its Fall Servicer Summit in conjunction with the 20th anniversary of the Five Star Conference in Dallas, spotlighting the latest regulatory developments, lawsuits, and emerging trends within the housing and mortgage space.

The nationwide conglomerate has agreed to a settlement with the CFPB for violating the Telemarketing Sales Rule by collecting illegal advance fees for credit repair services.

Discover the latest findings from Bureau examiners, shedding light on conduct that breaches federal regulations, specifically targeting abusive practices within consumer financial services.

During a recent House Financial Services Subcommittee on Financial Institutions and Monetary Policy meeting, Greg Coleman of the Office of the Comptroller of the Currency noted that “the OCC’s role is to ensure that national banks and federal savings associations understand their climate-related financial risks and develop comprehensive risk management frameworks and capabilities to identify, measure, monitor and control those risks.”

A new Bureau analysis details the popularity of employer-driven debt, including the challenges workers and consumers face when they become indebted to an employer or an employer’s affiliate as a condition of employment.

The Federal Financial Institutions Examination Council (FFIEC) announced that data from 4,460 U.S. financial institutions on the state of 2022 mortgage lending activity as reported by the Home Mortgage Disclosure Act (HDMA) is now available to view.

The Bureau has issued a consent order against ACI, who will pay a $25 million penalty for practices that negatively impacted nearly 500,000 homeowners.