Regulation and compliance
Regulation and compliance
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The Department of Justice alleges that The Mortgage Firm failed to serve majority Black and Hispanic neighborhoods in the Miami metropolitan area.
January 8 -
The Consumer Financial Protection Bureau finalized a rule that will remove medical bills from credit reports to end what the bureau called "coercive debt collection practices."
January 7 -
The leading homebuilder trade group was joined by a consortium of state attorneys' general in the filing, alleging higher costs to both its members and potential buyers of new units.
January 6 -
In his letter of resignation, Federal Reserve Vice Chair for Supervision Michael Barr said an attempt by the Trump White House to remove him could create a "distraction" for the Fed. He plans to retain his seat on the Board of Governors, which expires in 2032.
January 6 -
Central Mortgage Funding failed to adhere to an earlier consent order imposed for using unlicensed mortgage loan originators.
December 31 -
The department was notified December 8 by third-party software provider BeyondTrust that a hacker had gained access through a tech support service.
December 30 -
In multiple 2024 suits filed against mortgage businesses, the plaintiff claims he was never a client, but received messages despite being on the do-not-call list.
December 30 -
Jason Mitchell, the CEO of The Mitchell Group, called the CFPB's lawsuit against both his company and Rocket Homes "a witch hunt."
December 26 -
The Bank Policy Institute, the American Bankers Association and others said proposed changes would address "some if not all" of banks' concerns about stress tests, but they are filing the lawsuit to preserve their legal right to do so.
December 24 -
The Federal Reserve will seek comment on the current stress-testing regime with an eye toward increasing transparency and reducing volatility. Modifications would not go into effect until at least 2026.
December 23 -
The watchdog accuses Rocket Homes and The Mitchell Group brokerage of initiating a plan to generate origination business for Rocket Mortgage.
December 23 -
The industry agenda calls for amending longstanding rules like loan officer compensation, to nixing Biden-era plans trade groups say hurt both consumers and industry players.
December 23 -
Lawmakers asked the company's founder and CEO to provide details ranging from arrangements being made for former customers to his own executive compensation.
December 19 -
For the third time in five years, the Office of the Comptroller of the Currency issued an enforcement action against the beleaguered bank. It bars USAA from adding new products or loosening its membership criteria without evaluating the risks of getting bigger.
December 18 -
After a legislative initiative on trigger leads was cut from a defense bill, the bipartisan Homebuyers' Privacy Protection Act passed the Senate and is now heading to the House.
December 18 -
These are just a few of the legal actions that will have implications for mortgage firms going forward.
December 18 -
Six years after Pres. Trump signed Dodd-Frank reform, the Consumer Financial Protection Bureau issued rules bringing these loans under Truth-in-Lending.
December 17 -
According to an order by the SEC, the bank negligently under-reported what it knew about a data breach and ransomware attack it suffered that year.
December 17 -
The Texas Department of Savings and Mortgage Lending is requiring loan officers to notify borrowers if their contact information was obtained through trigger leads.
December 16 -
Known as a pragmatic moderate before arriving at the Fed, Vice Chair for Supervision Michael Barr is now synonymous with an aggressive and divisive approach to bank regulation. Can he still accomplish his goals under President Trump?
December 16



















