In prepared remarks for a speech at a Mortgage Bankers Association conference, CFPB Director Rohit Chopra said Monday (May 20) that the agency is doing so at a time when mortgage lenders have told it that costs for credit reports and scores have increased by as much as 400% since 2022.
U.S. Rep. Byron Donalds says the CFPB’s pending rule on credit reporting and medical debt has unintended consequences that lack proper review and would lead to more upfront costs required by health care providers.
OAKLAND — California Attorney General Rob Bonta today announced a settlement with Liberty Tax (Liberty) for running deceptive advertisements that misled consumers into thinking they were getting a free advance on their tax refund when they were actually taking out a high-cost loan.
BALTIMORE, MD (May 16, 2024) – The Maryland Department of Labor’s Office of Financial Regulation today announced a settlement agreement and final order with The Bank of Missouri, Atlanticus Services Corporation, and Fortiva Financial, LLC to settle allegations that they violated Maryland’s lending law.
While home prices and interest rates often command headlines, there are many other forces at play that are pushing costs up for both mortgage lenders and for homeowners, which can make it harder for families purchasing a home.
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