When autocomplete results are available use up and down arrows to review and enter to select.
The Consumer Financial Protection Bureau issued an advisory opinion to prevent digital mortgage comparison-shopping platforms from illegally referring borrowers to only lenders paying referral fees.
Details: The advisory opinion outlines how companies violate the Real Estate Settlement Procedures Act when they steer shoppers to lenders by using pay-to-play tactics rather than providing shoppers with comprehensive and objective information.
Previous News
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on President Joe Biden’s State of the Union address.
Image
Feb 7, 2023
ICBA today said it appreciates that the Federal Reserve Board tailored its proposed climate risk management framework to institutions over $100 billion in assets, though the association expressed concerns about the impact of such proposals for community banks.
Image
Feb 7, 2023
The FDIC issued a Financial Institution Letter on changes to the loan-origination threshold for reporting Home Mortgage Disclosure Act data on closed-end mortgage loans following a recent court decision. The OCC previously issued a similar bulletin.
ImageFeb 6, 2023
Related News Taxonomy
Jul 3, 2025
Jun 27, 2025
May 15, 2025