Let Valuation Tech Help Improve Your Collateral Valuation

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Talking proptech with FinLedger Director Holden Page

In this episode, Page discusses the hottest topics coming across FinLedger’s news desk. Topics include: the online banking market, what’s happening in the proptech space and recent private market deals.

engage.marketing 2021

We brought together the smartest minds in purchase marketing to share the insights, tactics and strategies that set the leaders apart. Watch the sessions on-demand now!

How Rocket Pro TPO continues to give its broker partners the upper hand

To remain competitive and create a better experience in this purchase environment, brokers need one thing above all: Speed. And there’s one lending partner that has the solutions and resources to give LOs just that.

Politics & Money

Watchdog tells CFPB to get its fair lending house in order

Decline in enforcement, fines after Kraninger-era reorganization

HW-CFPB-v2

After a government watchdog agency found a reorganization of the Consumer Financial Protection Bureau (CFPB) gutted its fair lending office and halted the reporting of enforcement actions, at least two officials have left the agency.

The Government Accountability Office found that a 2018 reorganization of the Bureau’s fair lending practices shifted its fair lending enforcement from specialists to generalists at the enforcement office. The CFPB distributed nearly three quarters of its fair lending staff to other divisions.

Just weeks after the Bureau received the report, but before it was made public, the CFPB announced the departure of Bryan Schneider, who headed up the supervision, enforcement and fair lending office.

Schneider was appointed by the Trump administration in 2019. Before that, he was secretary of the Illinois state finance agency. He previously spent nearly 15 years at the Walgreen Company, where he worked in healthcare compliance regulation and lobbying.

Schneider did not return requests to comment.

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