The Ninth Circuit Court of Appeals recently issued an Order vacating a nearly $8 million judgment won by the Consumer Financial Protection Bureau (CFPB) in its lawsuit against Nationwide Biweekly Administration, Inc. (Nationwide), an Ohio mortgage services company.
The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) want to hear about your experiences with background checks used to screen potential tenants for rental housing.
A number of closely followed mortgage rates rose over the last seven days. The average 15-year fixed and 30-year fixed mortgage rates both climbed higher. The average rate of the most common type of variable-rate mortgage, the 5/1 adjustable-rate mortgage, also floated higher.
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) permanently banned RMK Financial Corporation, which does business as Majestic Home Loans, from the mortgage lending industry by prohibiting RMK from engaging in any mortgage lending activities or receiving remuneration from mortgage lending. In 2015, the CFPB issued an agency order against RMK for, among other things, sending advertisements to military families that led the recipients to believe the company was affiliated with the United States government.
On Friday evening, federal Judge William Alsup ruled that a settlement he had already approved last year resulting from a lawsuit — Sweet v. Cardona — can move forward, which would give 200,000 borrowers defrauded by the schools they attended $6 billion in debt relief.
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