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

Posted in Auto Finance, CFPB Monitor, CFPB Supervision, Credit Cards, Debt Collection, Fair Lending, Mortgages, Payday Lending, Small Business The CFPB’s newly-released Summer 2018 edition of Supervisory Highlights represents the CFPB’s first Supervisory Highlights report covering supervisory activities conducted under Acting Director Mick.

Your bank is now smoothly and accurately collecting all the new. data will have profound implications for mortgage lenders' regulatory, litigation, search more broadly for fair lending and other compliance risks, and to target institutions. The CFPB described its approach to setting HMDA disclosure policy in terms of a.

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9 fair lending report of the consumer financial protection bureau, december 2012 In addition to responsibilities for ECOA and HMDA, Congress also charged the CFPB with addressing a number of fair lending-related areas of interest, set forth in the Dodd-Frank Act.

CFPB, DOJ Stepping Up Interest in Redlining Cases. Lenders will be required to submit more data fields about their home loans, which could provide more evidence to regulators of potential redlining. "The proposed changes to HMDA will provide more insight to the CFPB, with regard to its fair lending enforcement efforts.

But don't be fooled into thinking the core focus of fair banking will change.. although the federal focus may shift from enforcement to more traditional. Lenders offering both closed-end mortgage loans and HELOCs should use the. Concerns highlighted by CFPB in 2017 may receive continued attention,

WASHINGTON Regulators recently offered a rare behind-the-scenes glimpse of what areas they are targeting for enforcement, saying that potential fair lending violations and how mortgages. CFPB cited.

In her prepared remarks, Ms. Ficklin discussed the CFPB’s enforcement priorities and areas of interest. Much of what she said tracked information previously released by the CFPB, but the following items caught my attention: First, she said that the CFPB was starting its first fair-lending-focused exams of business lenders.

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Consumer Financial Protection Bureau 2016 Outlook - January 12, 2016 and, for the initial 20 years of its life, the focus was not on mortgage lending.. be categorized in three broad areas: underwriting of loans, pricing of. agency, the Consumer Financial Protection Bureau (CFPB), has an. More than 200 private fair housing enforcement agencies now exist under the.

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