-
The Consumer Financial Protection Bureau alleged in a lawsuit that the nonbank lender violated a 2019 consent order and submitted incorrect information in 2020.
October 11
-
Consumer Financial Protection Bureau Director Rohit Chopra said the CFPB is enforcing a long-dormant provision of Dodd-Frank in its advisory opinion prohibiting banks from charging fees to obtain basic account information.
October 11
-
"It is in your best interest for us to terminate your employment effective immediately," wrote the company's CEO in an email to his employees Friday.
October 11
-
The current Treasury yield curve is leading homeowners to pay mortgage rates at least 120 basis points more than they should, equal to an extra $245 a month on a $300,000 loan, their letter said.
October 10
-
The shape it takes could have implications for how Fannie Mae and Freddie Mac price loans for nonbanks and depositories.
October 10
-
Arizent released the findings of its third annual DEI report.
October 10
-
Lenders are rolling out less sensitive products such as adjustable rate loans and non-qualified mortgages.
October 10
-
New American Funding's Patty Arvielo found hiring initiatives can help match lending with demographics but says hurdles to recruiting in general are high now.
October 10
-
Top Fed officials are coalescing around the idea that tighter financial conditions after a recent surge in U.S. Treasury yields may substitute for additional increases in their benchmark interest rate.
October 10
-
The Federal Reserve's top regulator cited the financial crisis of 2008 repeatedly in a speech about the merits of new risk-capital standards — proposals that have drawn unprecedented fire from banking trade groups and members of Congress.
October 9
