Attention lenders: The CFPB is now focusing more on fair lending in mortgages

But it’s not all cybersecurity: the FTC’s recently issued Staff Perspective indicates renewed attention on several more areas of fair lending compliance. Michael told us the Commission is focusing on the Military Lending Act and other issues affecting military consumers; illegal debt collection practices; and unfair, deceptive, or abusive acts and practices .

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Managing the fair lending risk of Pricing Discretion: A Survey of Mortgage Industry Practices www.crai.com Charles River Associates white paper | 1 As advisors to mortgage lenders on operations, risk management and compliance, clients often ask us about "best practices" in various aspects of mortgage lending.

Although I am now. lender. The CFPB pointed out that Prospect and planet home lending had an agreement under which Planet worked to identify and persuade eligible consumers to refinance with.

Do you know the CFPB’s top three Fair Lending compliance priorities for 2017? And more importantly, do you know your risk? In this post, learn the Bureau’s 3 Fair Lending priorities and how to manage your risk! The consumer financial protection bureau recently released the 2017 Fair Lending Report, which included their top Fair Lending.

Leoncio Paz took on one of the country’s biggest debt. loans and mortgages, according to the Center for Responsible Lending. The three largest publicly traded debt buyers – Encore, Asta Funding and.

The rule will shed more light on consumers. for the loan. The CFPB says that this information will enhance the ability to screen for possible fair lending problems, helping both institutions and.

We recently marked the 40th anniversary of the Equal credit opportunity act, a federal civil rights law that protects you from being discriminated against by lenders. As the holidays approach and we prepare for a new year, I wanted to let you know about key areas where the CFPB’s fair lending team will focus in 2017.

The Financial Services Authority’s new rules on mortgage lending. now could mean that future growth is more sustainable and built on more solid ground." "Regulation of lenders to ensure mortgage.

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Attention lenders: The CFPB is now focusing more on fair lending in mortgages Is the FHA about to raise the HECM lending limit? Did Mick Mulvaney just drastically change how the CFPB enforces fair.

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