In the largest fair lending enforcement action in several years, the Department of Justice and the Office of the Comptroller of the Currency on August 30 announced simultaneous settlements with a national banking association regarding alleged violations of the Fair Housing Act and, in the ...
On June 25, the Department of Housing and Urban Development published in the Federal Register a proposal to rescind its own 2020 disparate impact rule.
As proposed back in March, the Consumer Financial Protection Bureau has now formally delayed the mandatory compliance date for the new general qualified mortgage (QM) rule to October 1, 2022, effective June 30.
In two recent communications, the Consumer Financial Protection Bureau acting director is signaling that the Bureau will vigorously enforce against consumers harmed by short-term lenders that fail to underwrite loans based on the borrowers’ ability to repay them.
The Sixth Circuit Court of Appeals held earlier this week that the CDC is unlikely to prevail on the merits and therefore a ruling from the Western District of Tennessee holding that the federal eviction moratorium “is ultravires; and is unenforceable in the Western District of ...
On March 9, 2021, the Consumer Financial Protection Bureau issued an Interpretive Rule that the prohibitions against sex discrimination in the Equal Credit Opportunity Act and Regulation B encompass sexual orientation discrimination and gender identity discrimination.
A recent ruling by the Michigan Supreme Court nullifying hundreds of emergency orders by Michigan Governor Gretchen Whitmer may have profound implications for those mortgage loans closed in reliance on the expanded remote notarization provisions established by emergency order, including with ...
In a significant action, the Consumer Financial Protection Bureau (CFPB) has abruptly rescinded a 2015 compliance bulletin concerning marketing services agreements (MSAs) and updated FAQs relating to Real Estate Settlement Procedures Act (RESPA) compliance generally.
Just when you thought that federal agencies were softening their stance on enforcement during the crisis, the Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) took a figurative shot across the bow.
Keeping busy despite the pandemic, the Consumer Financial Protection Bureau (CFPB) has promulgated its final rule raising the loan-volume coverage thresholds for financial institutions reporting data under the Home Mortgage Disclosure Act (HMDA) and Regulation C.