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March

19
2024
Industry News

Submission of CFPB Director Rohit Chopra to the Appraisal Subcommittee Regarding Oversight of the Appraisal Foundation

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:

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March

19
2024
Industry News

ASC hearing addresses appraisal bias, highlights deficiencies with The Appraisal Foundation

Homeownership can be a powerful tool for building intergenerational wealth, and a well-functioning mortgage market depends on accurate appraisals.

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March

19
2024
Industry News

Small business people are among those getting $100 million back due to FTC action challenging Benefytt Technologies’ sham health plans

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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March

18
2024
Industry News

Breakdown in the “Fast Lane”: FTC challenges Womply’s promise to get small businesses PPP loans fast

Tick. Tick. Tick. For small business owners, gig workers, and freelancers fighting for survival during the pandemic, every day that passed without essential capital put their futures at risk. So when Womply – also known as Oto Analytics, Inc. – and CEO Toby Scammell claimed to offer a “PPP Fast Lane” to get them speedy access to funds through the Paycheck Protection Program, it sounded like time was finally on their side.

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March

18
2024
Trends

Private Equity Wants Your Credit Card Debt. And Car Loan. And Mortgage.

Private fund managers such as Apollo, Ares, Blackstone and KKR have grown to dominate corporate finance over the past decade. Now they are targeting the biggest prize in the global economy: the U.S. consumer.

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