Disparity in mortgage rates offered by lenders doubled in 2022: Study – Inman
Disparity in mortgage rates offered by lenders doubled in 2022: Study Inman
Rohit Chopra
Wells Fargo agrees to $3.7 billion settlement with CFPB over consumer abuses – CNBC
Wells Fargo agrees to $3.7 billion settlement with CFPB over consumer abuses CNBC
CFPB asks for public comment on Reg Zâs mortgage LO rules
The CFPB wants to assess the economic impact of the rules on smaller business entities, according to a request for comment.
CFPB outlines issues with illegal âjunk feesâ by mortgage servicers
The findings point to excessive late fee amounts and unnecessary property inspections, among others, according to the CFPB.
CFPB is ‘not holding back’ despite cloud of uncertainty from Supreme Court
WASHINGTON — The Consumer Financial Protection Bureau is plowing ahead with a busy enforcement agenda despite a cloud of uncertainty hanging over it from the Supreme Court’s decision to take a case challenging the bureau’s funding. The CFPB said it was “pleased” that the Supreme Court had decided on Monday to take a case about … [Read more…]
5 Online Tricks Retailers Use to Manipulate Us
Hereâs how retailers use dark patterns on websites and apps to deceive us so weâll spend more money and share our private information with them.
Who Knew TitleMax Sucked This Bad?
Today, the Consumer Financial Protection Bureau (CFPB) took action against a web of corporate entities operating under TMX Finance, broadly known as TitleMax, for violating the financial rights of military families and other consumers in providing auto title loans. The CFPB found that TitleMax violated the Military Lending Act by extending prohibited title loans to …
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Proposal to limit late and overdraft fees: How to avoid them in the 1st place
In a bid to slash what he calls âjunk fees,â President Joe Biden announced several initiatives this week to combat fees that he sees as costly and unfair to consumers. This includes working to limit late fees on credit card payments and is in addition to remarks he made on curbing overdraft fees back in â¦
Chopra: Let’s revisit ‘byzantine’ regulatory regime for home appraisals
Regulators are gearing up to take a closer look at the “byzantine” regulatory structure overseeing the real estate appraisal profession. During a hearing on appraisal bias on Tuesday morning, Consumer Financial Protection Bureau Director Rohit Chopra turned the spotlight on the profession’s rulemaking entity: the Appraisal Foundation Chopra noted that the small nonprofit writes the … [Read more…]
To root out appraisal bias, dismantle the system?
To root out racial bias in the appraisal system, some experts say thereâs no point in nibbling at the edges. Instead, they suggest tearing the system down and starting fresh.Â