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CFPB Sues Freedom Mortgage Over Alleged Data Missteps

After a prior $1.75 million penalty, the mortgage giant faces another lawsuit over breach of federal requirements and inaccurate data submissions.

Oct 10, 2023
Mortgage Malaise: CFPB Report Reveals Steep Originations Drop, Rising Borrower Costs

Increased fees, soaring monthly payments, and growing approval disparities unsettle the housing market; CFPB eyes regulatory tweaks.

Sep 27, 2023
CFPB Unveils Plan To Remove Medical Debt From Credit Reports

Vice President Harris and CFPB Director Chopra highlight potential boost in mortgage approvals and question debt collectors' methods.

CFPB Issues Guidance On AI In Credit Underwriting

Creditors must provide specific and accurate reasons for credit denials, even with complex AI models.

Sep 19, 2023
Industry Insiders Seek Regulation After CFPB Hits Credit Repair Giants With $2.7B Fine

Mixed reactions follow landmark settlement as some hope it could pave the way for future regulation and consumer protection.

Aug 29, 2023
CFPB Seeks $2.7B Settlement Against Credit Repair Firms For Unlawful Telemarketing Fees

Group of largest credit repair organizations face historic penalties following illegal advance fee collection.

Aug 29, 2023