Consumer Financial Protection Bureau (CFPB)

The 2023 threshold will involve exempting loans from special appraisal requirements for higher-priced mortgage loans.

The lawsuit claims the CFPB is exceeding its statutory authority outlined in the Dodd-Frank Act.

Agency seeks information on refinances, mortgage products to promote competition and support household financial stability.

CFPB report also reveals the official end to the refinance boom and shift to home purchase loans in 2021. 

Settlement is the first government resolution involving illegal discrimination by a nonbank mortgage lender.

In addition to increased rulemaking and outreach, there has also been an enforcement uptick.