Compliance & Regulation

House Financial Services Committee Chairman Jeb Hensarling is planning to push legislation that would rein in the Federal Reserve Board.

Steven Antonakes, the No. 2 official at the Consumer Financial Protection Bureau, is resigning from the agency, according to an internal agency memo.

Incorporating bill and rental payment data into consumer credit scores would be a boon for underserved Americans. New legislation in Congress could help credit reporting agencies realize this goal.

The Consumer Financial Protection Bureau's massive collection of consumer data continued to raise concerns with lawmakers on Wednesday despite assurances from the agency's director that the data is anonymized.

Three Democratic members of Congress called on the Department of Housing and Urban Development to reissue the proposal for public comment with changes.

The House passed a bill Tuesday that could ease the regulatory burden on community and regional banks with mortgage servicing businesses.

The "deceptive" in Unfair, Deceptive, or Abusive Acts or Practices includes negligence, as demonstrated by a recent Consumer Financial Protection Bureau enforcement action.

Struggling to win business in the age of QM, Impac Mortgage has relaxed underwriting requirements in hopes of attracting borrowers many other lenders won't touch.

Some housing professionals have grown reluctant to participate in the Federal Home Loan Banks' Affordable Housing Program, objecting to burdensome requirements and rules that are inconsistent with other funding sources. It's time for the Federal Housing Finance Agency to make some updates.

Lenders must be proactive in their communication with customers to stay ahead of potential complaints and ward off regulatory scrutiny.