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December

13
2022
Industry News

CFPB and FHFA Publish Updated Data from the National Survey of Mortgage Originations for Public Use

– The Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) today published updated loan-level data for public use collected through the National Survey of Mortgage Originations (NSMO). The data also provide updated mortgage performance and credit information for a nationally representative sample of mortgage borrowers from 2013 to 2020.

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December

13
2022
Trends

CBA: Most consumers want more oversight for crypto, fintech firms

Nearly 90% of Americans are concerned that crypto and fintech companies aren’t held to the same regulatory standards as traditional banks, according to a Consumer Bankers Association (CBA) survey released Tuesday.

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December

13
2022
Trends

America's Household Income Continues Three-Quarter Slide

U.S. household income declined this summer for the third straight quarter as stock prices fell. That's according to the Federal Reserve's latest Financial Accounts of the United States report, which showed that the net worth of the country's households and non-profits dropped to $143.3 trillion in this year's third quarter.

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December

13
2022
Trends

Inflation cooled more than expected in November

Tuesday brought some encouraging news on the stubbornly high prices that have weighed down Americans: Inflation as measured by the Consumer Price Index cooled considerably in November and is at its lowest level in nearly a year.

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December

13
2022
Industry News

Consumers harmed by fraudulent student loan debt-relief services will receive payments

If you were one of the more than 23,000 people who were charged unlawful advance fees by five student loan debt-relief companies—Docu Prep Center d/b/a Certified Document Center, Certified Doc Prep Services, Assure Direct Services, Direct Document Solutions, and Secure Preparation Services—that were associated with Monster Loans and Lend Tech Loans, you may receive a check in the mail starting December 12, 2022. Payments will be sent from Epiq Systems.

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