Compliance

The Department of Housing and Urban Development (HUD) has filed a formal complaint against Facebook for allegedly violating the Fair Housing Act by enabling housing discrimination in its advertising platform
The Department of Housing and Urban Development (HUD) has filed a formal complaint against Facebook for allegedly violating the Fair Housing Act by enabling housing discrimination in its advertising platform.   In its complaint, HUD stated that Facebook allows advertisers to target which users are... Keep Reading....
The Senate Banking Committee has announced that its confirmation vote for Kathy Kranginer to become the next director of the Consumer Financial Protection Bureau (CFPB) has been rescheduled for Aug. 23
The Senate Banking Committee has announced that its confirmation vote for Kathy Kranginer to become the next director of the Consumer Financial Protection Bureau (CFPB) has been rescheduled for Aug. 23. The vote was originally slated for Aug. 1, but was postponed by the committee’s chairman, Sen.... more
The Royal Bank of Scotland Group (RBS) has agreed to a $4.9 billion settlement that will resolve federal civil claims that the company intentionally misled investors in the underwriting and issuing of residential mortgage-backed securities (RMBS) between
The Royal Bank of Scotland Group (RBS) has agreed to a $4.9 billion settlement that will resolve federal civil claims that the company intentionally misled investors in the underwriting and issuing of residential mortgage-backed securities (RMBS) between 2005 and 2008. The settlement is the largest... more
The Department of Housing and Urban Development (HUD) is now seeking public comment on amendments to its Affirmatively Furthering Fair Housing (AFFH) regulations.   In a statement issued by the department, HUD stressed that the goal of this endeavor was to “offer more helpful guidance to states... more
The Consumer Financial Protection Bureau (CFPB) is reportedly considering the suspension of suspend routine examinations of lenders suspected of running afoul of the Military Lending Act
The Consumer Financial Protection Bureau (CFPB) is reportedly considering the suspension of suspend routine examinations of lenders suspected of running afoul of the Military Lending Act.   According to a New York Times report that cited internal CFPB documents—the publication did not explain how... more