As any mortgage compliance professional will tell loan production, “You can’t put ‘Low FICO’ as a decline reason!’” That’s because the...

The Federal Housing Finance Agency (FHFA) on May 3rd, 2022, announced that new loans sold to Fannie Mae and Freddie Mac (GSEs) will...

On May 16, 2022, the CFPB published a metrics report examining mortgage servicer’s responses to the COVID-19 pandemic. The data,...

Margin compression continues to be a major challenge for lenders. Let’s look at the key factors recently affecting the financial markets...

Check out these excerpts from the recently updated CFPB Examination Manual regarding UDAAP and discrimination: Consumers must not be...

The Consumer Financial Protection Bureau (CFPB), on March 1st, 2022, released a report summarizing key areas of concern in medical debt...

The Central Financial Protection Bureau (CFPB) on February 23rd, 2022, outlined options to assist in ensuring accurate and fair...

The US Federal Trade Commission (FTC), on February 14th, 2022, announced that it will take legal action against Voice-over-Internet...

As mentioned in last week’s post, the CFPB has taken a particularly aggressive stance over the past year. Historically, this would signal...