Items Tagged with 'fair lending'

ARTICLES

  • CFPB requests investigation into Trump appointee’s controversial blog posts

    Consumer groups call for resignation of Eric Blankenstein after racially insensitive comments emerge from his past
    Eric Blankenstein says he regrets the racially charged comments he blogged in his 20s, but that’s not enough to satisfy his bosses at the Consumer Financial Protection Bureau. CFPB Acting Director Mick Mulvaney has asked an independent government watchdog to review the situation as a response to numerous calls for Blankenstein’s removal from his post as policy director.
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  • Top CFPB official regrets racist comments that caused agency uproar

    Eric Blankenstein says he’s committed to his job, despite calls for his dismissal
    An official at the Consumer Financial Protection Bureau is working hard to taper the backlash he endured last week when racially insensitive blog posts emerged from his past. Eric Blankenstein sent an agency-wide email to his colleagues on Monday expressing regret for his “poor judgment” and word choice, and stressing his commitment to carrying out the bureau’s fair lending mandate even though some are calling for his departure.
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  • Experts reveal greatest compliance pain points

    And how to overcome them
    While President Donald Trump’s administration has worked to reduce regulations since taking office, compliance continues to be a major problem for many lenders. Panelists from the NEXT Women’s Mortgage Tech Conference explained the changing regulatory environment, compliance issues lenders are facing, and some tips on how to deal.
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  • Judge rules Cook County can pursue part of predatory lending lawsuit against Wells Fargo

    County can pursue federal Fair Housing Act claims against bank
    This week, a federal judge ruled that Cook County, Ill. can pursue federal Fair Housing Act claims as part of its lawsuit against Wells Fargo, which accuses the big bank of predatory mortgage lending targeting black and Hispanic borrowers in the Chicago area but the judge dismissed several other claims alleged by the county.
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  • Democrats call out Mulvaney’s reported changes to CFPB fair lending enforcement

    53 Democrats, including Warren, Waters, Brown, Menendez, want answers
    A group of more than 50 Congressional Democrats are questioning the motivation of Consumer Financial Protection Bureau Acting Director Mick Mulvaney’s reported decision to strip the agency’s Office of Fair Lending and Equal Opportunity of its enforcement powers. The Democrats want to know what exactly Mulvaney is planning to do when it comes to fair lending.
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  • Did Mick Mulvaney just drastically change how the CFPB enforces fair lending laws?

    Reportedly strips Office of Fair Lending of its enforcement powers
    The way the CFPB enforces fair lending laws could be about to significantly change after CFPB Acting Director Mick Mulvaney reportedly stripped the bureau’s Office of Fair Lending of its enforcement powers. Former CFPB Director Richard Cordray, Sen. Elizabeth Warren, and fair housing groups bemoaned the move.
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  • Your top 10 HMDA questions answered: Part 10

    How should LOS providers differentiate to help lenders today?
    The Home Mortgage Disclosure Act deadline looms closer, but many questions still remain unanswered. In this 10th and final part of the series, experts discuss how LOS providers should differentiate to help lenders today.
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  • Your top 10 HMDA questions answered: Part 9

    What should be keeping a lender awake at night now?
    The Home Mortgage Disclosure Act deadline looms closer, but many questions still remain unanswered. And as the January 1 deadline moves closer, experts explain what final challenges should be keeping lenders awake at night.
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  • Your top 10 HMDA questions answered: Part 3

    What do the recent amendments and publications to HMDA mean for a lender?
    The Home Mortgage Disclosure Act deadline looms closer, but many questions still remain unanswered. In part three of this 10-part series, experts explain what the new HMDA amendments mean for lenders, and what they need to do to prepare.
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