Blog detailing challenges facing consumers in Texas, Alabama, and Louisiana
FTC Sends More Than $140,000 to Consumers Deceived by False Made in USA Claims by Chaucer Accessories and Bates Accessories
Archive for Mortgages
CFPB’s HMDA enforcement cases and research focus on ensuring financial institutions comply with HMDA and Regulation C’s requirement to report complete and accurate mortgage lending information
The CFPB approved a rule to address the current and future applications of complex algorithms and artificial intelligence used to estimate home values
On February 13, the Appraisal Subcommittee (ASC) held a public hearing on appraisal bias, including an examination of The Appraisal Foundation
The CFPB and FTC filed an amicus brief to help ensure that people can hold debt collectors accountable for unlawful fees
As interest rates increased in 2022, the number of refinance mortgage originations declined, with cash-out refinances becoming a larger share of all refinances
Individual lenders can apply to enroll in a testing pilot of alternative, tailored disclosures for construction loans designed to improve consumer understanding of loan terms and costs
On November 1, the Appraisal Subcommittee – which has a seven-member federal agency board including the CFPB – will hold its next public hearing to discuss the challenges and solutions to preventing bias in the home appraisal process
This week, we joined the State of Maine to file an amicus brief to help ensure that consumers receive critical protections when taking out loans
