Higher mortgage rates and a severe shortage of homes for sale are taking their toll on mortgage demand. Mortgage applications to purchase a home dropped 4.8% last week, compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 26% lower than the same week one year ago.
Nearly two years after the Supreme Court’s 2021 decision in Transunion v. Ramirez, courts and litigants continue to grapple with standing issues in Fair Debt Collection Practices Act (FDCPA) cases brought by plaintiffs alleging intangible harms to reputation and privacy interests.
WebRecon’s latest report shows litigation made some ground in March in Fair Debt Collection Practices Act, Telephone Consumer Protection Act and Fair Credit Reporting Act claims, compared to the much lower numbers in February.
WASHINGTON (Reuters) -The Federal Reserve will unveil its plan to ratchet up capital rules for banks this summer and will ensure supervisors more aggressively police lenders following several recent bank failures, its top regulatory official told Congress on Tuesday.
Small business lending’s new data-driven approach may be headed for more scrutiny on Capitol Hill. To that end, Rep. Maxine Waters (California), the top Democrat ranking member on the House Financial Services Committee, and Rep. Nydia Velázquez (D-New York), ranking member on the House Small Business Committee, weighed in on the latest changes in a letter to Consumer Financial Protection Bureau Director Rohit Chopra asking for a briefing among House Democrats.
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