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The mayor and city council of Baltimore, along with a Maryland-based economic justice group, are suing the bureau and its acting director, claiming that the recent decision to "defund" the CFPB will leave it unable to support communities.
February 13
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Plaintiffs alleging the lender manipulated home valuations ten years prior argued the interpretation of the rule cited in determining the case's standing was a stretch.
February 11
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Neo Home Loans, the business at the center of the trade secrets suit, has always maintained its independence in its lender partnerships, its co-creator claims.
February 11
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Allegations of gender discrimination and improper loan origination practices against LoanDepot were dismissed on Feb. 7.
February 10
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Acting Consumer Financial Protection Bureau Director Russell Vought ordered bureau employees to "stand down" and perform no work, effective immediately.
February 10
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As a market leader, Rocket Companies rebranding comes in the foreground of several court battles and fluctuating earnings performance.
February 10
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The Consumer Financial Protection Bureau, now led by Treasury Secretary Scott Bessent, agreed to temporarily halt enforcement and litigation over its medical debt rule, handing the banking industry an immediate reprieve.
February 7
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The complaint claims Lendingtree and its subsidiary failed to implement proper protocols, such as two factor authentication, to keep customer data safe.
February 7
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The prospect of both megalenders being released from conservatorship and the downgrading of each firm's respective stock are top of mind for executives.
February 6
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The wholesale and non qm lender said it's placed Serene Vernon on administrative leave and elevated capital markets officer John Hamel to the role of president.
February 3
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Nations Lending claims two former branch managers diverted business to CMG Financial before leaving to their new place of employment.
January 30
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Mortgage 1 Inc., founded in 1994, said customers and regulators have mistakenly contacted it instead of Mortgage One Funding, which changed its name in 2021.
January 29
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The court reverses a $10M class win in a Rocket Mortgage appraisal suit.
January 29
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The agreement would resolve claims for a class of 298,000 members, who allegedly received over 700,000 calls from Coldwell Banker agents between 2015 and 2020.
January 24
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Cases involving accusations of redlining, kickbacks, underpaid employees and more swept across the mortgage industry in recent months.
January 22 -
Legal arguments in this case hinge on whether products offered by HEI platforms should fall under the Truth in Lending Act.
January 17
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The Supreme Court heard oral arguments in Thompson v. United States, which could decide whether the federal government can prosecute "misleading" in addition to "false" statements to the Federal Deposit Insurance Corp.
January 15
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The Department of Justice argues that mortgage lenders, including Rocket Mortgage, should be held accountable for the work of third-party appraisers.
January 14
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The Department of Housing and Urban Development did not assign any fault or liability in conjunction with the "historic" settlement.
January 13
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The decision revealed Monday upholds an appeals court ruling in favor of federal investigators.
January 13
