CFPB Bulletin 2012-04 (Fair Lending) Date: April 18, 2012 . Subject: Lending Discrimination . In response to recent inquiries, the Consumer Financial Protection Bureau ("CFPB" or "Bureau") issues this bulletin to provide guidance about compliance with the fair lending requirements of the Equal Credit Opportunity Act ("ECOA"),
Twitter storm over offensive Bloomberg housing cover Wells Fargo to buy $1.6 billion loan portfolio from ING Real Estate Finance Revenue from real estate increased slightly, to $2.7 billion, and the bank said it refinanced more loans. Mortgages were a big driver of earnings at Bank of America’s rivals Wells Fargo and JPMorgan ..Viewpoint: Wait, You Mean the Foreclosure Freeze Didn’t Work? Re: chapter 7 already discharged – mortgage not reaffirmed – foreclosure/credit score question. The debt is cleared in federal court, but it doesn’t clear the title. In order to complete #2, the bank must clear the title. In order to do that, they must follow the laws of the state, which are usually foreclosure laws.Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News
CFPB leader not backing down on lending discrimination cases. Protection Bureau will continue to view disparate impact as the appropriate legal theory to use when working on lending.
Potential Bureau rulemaking might focus on application of the Court’s holdings to ECOA. Such a rule would be more durable than the Bureau’s earlier fair lending bulletin, remaining in effect unless altered by later rulemaking (and thus surviving any future leadership change at the Bureau).
On Wednesday, the U.S. Senate voted almost entirely along party lines to invalidate, under the Congressional Review Act, the Consumer Financial Protection Bureau’s (CFPB) (in)famous 2013 Bulletin on lending discrimination in the indirect auto market via discretionary mark-ups and dealer compensation policies.
The Consumer Financial Protection Bureau (CFPB) is an agency of the United States government responsible for consumer protection in the financial sector.CFPB’s jurisdiction includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors and other financial companies operating in the United States.
"I don’t think folks can be confident that the August 2019 deadline will get pushed back, and I encourage lenders to make compliance preparations accordingly." Finalized in October 2017 under the.
Fair Lending: Managing Risk from the Top Down. By Dave Jacobin. pendulum swing back towards a balance of providing equal access to loans and protecting borrowers from predatory lending practices. As is the case with most regulations, those that will impact the industry in the next year or two were established from good faith as a way to.
AGs weeks from filing foreclosure settlement documents AG’s Foreclosure Settlement Terms. by Jim the Realtor | Oct 30, 2011. if you thought this was the deal that would hold banks accountable for filing phony documents in courts, foreclosing without showing they had the legal right to do so and generally running roughshod over anyone who.
CFPB leaders discuss bureau’s Approach To Enforcement;. DOJ Reaches Deal In Auto Lending Discrimination Case. Why it matters.. Specifically, the dealerships must omit hidden fees from the required down payment, are prohibited from repossessing a vehicle until the borrower has missed at.
Freddie Mac outlook: Housing activity remains stale According to the latest data, released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to. The 30-year fixed rate has moved higher three weeks in a row but still remains below where.
The CFPB, which has not filed any new enforcement cases since he took charge, would increasingly defer to state regulators and attorneys generals rather than file its own lawsuits, he told a group.
Why did residential sales decline for fourth month straight? Primed for Trouble: Pace of Mortgage Distress Shifts to prime borrowers kor/south korea/asia pacific – —–BEGIN PGP PUBLIC KEY block—– mqqnbfuocggbiadflp+qonwyk8l6spsnrnhwgfcxck6ouhrihreasgauxegpfg0b rsohbei5w9s5to/mugwulhj59m6avt+ds5rmrthgrnd8dt0do+xw88bmtxhsfg9k.Homebuilder spring selling season off to solid start · Coming off solid rookie seasons, they will be counted on for big encore performances. bettis showed signs of returning to form last year after going through treatments for.Delinquency and foreclosure rates continue to improve CoreLogic Says Delinquency, Transition Rates Continue to Improve – National delinquency rates continue at 10-year lows, and both early delinquency and transition rates are stable as well. But CoreLogic, in its july loan performance report, points to what it calls.Report: Foreclosure Inventory Hits Record Level in June WASHINGTON (Reuters) – U.S. home sales unexpectedly fell in June, posting their third straight monthly decline as a persistent shortage of properties on the market drove house prices to a record high..