News

Federal anti-discrimination laws in banking are supposed to protect consumers from credit companies from denying an application for credit or taking other adverse actions without just cause or a clear explanation on why the action was taken.  Companies have long used ...

An Urban Institute webinar next week will bring together representatives of the Federal Reserve, FDIC, and Office of the Comptroller of the Currency to discuss the CRA. Here's what's happening in The Week Ahead.

Program augmentations will bring efficiency to the mortgage process, and improve access for borrowers who are not well served by the traditional lending approach.

As inflation grips the country, the price of everything has been going up and home insurance is no exception.  According to QuoteWizard, an online insurance marketplace and subsidiary of LendingTree, rates have increased at least 34% in some areas of ...

Introduction of new Final Rule will introduce public disclosure requirements to the Enterprise Regulatory Capital Framework, and foster risk management practices.

The Consumer Finance Protection Bureau (CFPB) announced the creation of a new office, thus forth called “the Office of Competition and Innovation,” to “spur innovation in financial services by promoting competition and stumbling blocks for new market entrants.”  The creation ...

The share of the number of homes for sale shrank at its slowest pace since the start of the pandemic, as continuously rising mortgage rates have limited many homebuyer budgets.

The U.S. Mortgage Insurers (USMI), which is the trade association representing the nation’s leading private mortgage insurance companies, has announced the industry has transferred more than $55 billion in risk on nearly $2.8 trillion of insurance-in-force from 2015-2021.   This ...

In service as Acting Director of the FHFA since June 2021, former FDIC executive officially begins her term as FHFA Director after a 49-46 Senate vote.

Make sure that your Section 1304 notices do not include anything beyond what the statute expressly prescribes, and it is mailed in a separate envelope. Arsenio Rodriguez and Ali Degan Esq. from Stern & Eisenberg, P.C. explain this crucial detail.