Bank Associations Sue The CFPB Over Discrimination Regulations
The lawsuit claims the CFPB is exceeding its statutory authority outlined in the Dodd-Frank Act.
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.
Chairman Chopra says revising QM regulations is one of his top priorities.
In a blog post, Rohit Chopra says the goal is to “more clearly communicate the agency’s expectations.”