Government raises fines for RESPA violations

The Consumer Financial Protection Bureau (CFPB) is raising the price of its fines to adjust for inflation, including penalties for violations of the Real Estate Settlement Procedures Act (RESPA). The new fine amounts became law when they were entered into the Federal Register on Jan. 12. 

Say hello to your new CFPB director, Kathy Kraninger

The Consumer Financial Protection Bureau finally has a non-temporary leader. On Thursday, the Senate voted 50-49 along party lines, with no Democrat voting in support, to approve Kathy Kraninger as the new head of CFPB.

Say hello to your new CFPB director, Kathy Kraninger

The Consumer Financial Protection Bureau finally has a non-temporary leader. On Thursday, the Senate voted 50-49 along party lines, with no Democrat voting in support, to approve Kathy Kraninger as the new head of CFPB.

Zillow securities fraud lawsuit dismissed

In dismissing the suit, Judge John Coughenour left the option of the plaintiffs to file a revised complaint within 45 days.

Fair Lending policy director faces accusations of racism in blog post

A high-ranking policy director at the Consumer Financial Protection Bureau (CFPB) responsible for overseeing fair lending practices is under fire for a racially charged blog post.

Cryptocurrency, Cyber Fraud Focus of Trump Task Force

On an executive order by President Trump, four agencies established the Task Force on Market Integrity and Consumer Fraud last week, charged with guiding “the investigation and prosecution of cases involving fraud on the government, the financial markets and consumers, including cyber fraud and other fraud targeting the elderly, service members and veterans, and other […]

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How would a more conservative Supreme Court impact real estate?

The Supreme Court of the United States could have a more conservative makeup soon, and while it’s purely an exercise in speculation at this point, it could likely be a mixed bag for the real estate industry and consumers.

Zillow cleared in kickback probe

The CFPB ended its investigation into whether Zillow violated an anti-kickback law with a co-marketing program for agents and lenders.

Regulatory Relief Bill Passes Congress – Is Mortgage Lending Freedom Ahead?

Change is coming to the mortgage industry in the form of lessened restrictions for many community banks, along with greater consumer protections. The Economic Growth, Regulatory Relief and Consumer Protection Act—a bill rolls back many Dodd-Frank Wall Street Reform and Consumer Protection Act regulations imposed in 2008 following the financial crisis—has been signed into law. […]

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Wells Fargo Fined $1 Billion for Abusive Insurance, Mortgage Practices

The government has handed down a $1 billion penalty to Wells Fargo for abusive consumer practices related to its administering of auto insurance and extensions on mortgage rate locks. In addition to the fine, the bank has been ordered to remediate affected consumers and implement improved practices. In 2017, Wells Fargo acknowledged it had charged […]

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