The rule taking effect in two months is the subject of a U.S. Chamber of Commerce lawsuit against the CFPB’s authority to enact the rule.
On March 5, New York Attorney General Letitia James released a verified petition against 27 lenders accusing them of a “large-scale, predatory lending” operation in which they allegedly misrepresented themselves in order to issue small businesses short-term loans at “sky-high interest rates” in violation of New York Executive Law §63(12).
A well-functioning mortgage market depends on accurate appraisals. Federal regulation of appraisals is very peculiar, involving two obscure entities that are not well-known to the public:
Homeownership can be a powerful tool for building intergenerational wealth, and a well-functioning mortgage market depends on accurate appraisals.
Finding healthcare coverage can be a challenge for many Americans, including gig workers, the self-employed, and people at small businesses.
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