A new report from the Consumer Financial Protection Bureau details the current state of rural banking and the economic challenges facing those regions.
The Stark Banking Challenges Facing Rural Communities Read More »
Nation’s Sole Dedicated Consumer Watchdog ‘Back On Duty’ Under Chopra
NCRC Hails CFPB Resurgence In First Six Months Under New Leadership Read More »
Tighter Scrutiny of Discriminatory Financial Practices Will Better Everyone’s Lives
NCRC Applauds Stronger Anti-Discrimination Enforcement Plans From CFPB Read More »
August 10, 2020 The Honorable Mark Calabria Director Federal Housing Finance Agency 400 7th Street, SW Washington, D.C. 20219 Hugh Frater CEO Fannie Mae Midtown Center 1100 15th Street, NW Washington, DC 20005 David Brickman CEO Freddie Mac 1551 Park Run Drive Mclean, VA 22102 Dear Director Calabria, Executives Frater and Brickman: We are writing
FHFA Re-Proposed Capital Rule for the Enterprises Sign-on Letter Read More »
A price-based alternative, combined with existing statutory provisions and the additional regulatory safeguards outlined in the CFPB’s proposed rule, has the potential to improve access for LMI and minority borrowers, but it is critical to consider this proposal within the context of other federal policy changes affecting the nation’s housing finance system and the broader impacts of COVID-19 on LMI households and credit standards throughout the mortgage market.
The CFPB’s Revisions to the Qualified Mortgage Rules (the “GSE Patch”) Read More »
This month, the Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) announced the new Borrower Protection Program that streamlines consumer protection oversight of mortgage servicers through new data and information sharing between the program sponsors as they respond to the coronavirus pandemic.
CFPB, FHFA Establish New Borrower Protection Program to Respond to COVID-19 Pandemic Read More »
In a confusing and scary time, the CFPB is a source for unbiased and informed information on a variety of financial hurdles that families can expect to face in the coming months.
CFPB Provides Advice, Guidance on COVID-19 Resources Read More »
Today, the Consumer Financial Protection Bureau (CFPB) finalized data reporting thresholds under the Home Mortgage Disclosure Act (HMDA) for the nation’s financial institutions.
Those who serve as financial caregivers for older adults or people with disabilities may have unique worries and challenges brought on by COVID-19.
Tips for financial caregivers during the coronavirus pandemic Read More »
Your credit reports and scores play an important role in your future financial opportunities. You can use these steps to manage and protect your credit during the COVID-19 (coronavirus) pandemic.
Protecting your credit during the coronavirus pandemic Read More »
Proper implementation of Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act would reveal who is receiving small business loans and where they are located.
Could Adequate Small Business Lending Data Be on the Horizon? Read More »
Better-qualified black and Hispanic testers who shopped for small business loans at Los Angeles area bank branches were treated worse than less qualified white testers, a new study found. The study, from the National Community Reinvestment Coalition (NCRC), also found steep declines in government-backed lending to black business owners between 2008 and 2016.
Data is the sunlight that makes possible the fight against discrimination. The Consumer Financial Protection Bureau (CFPB), however, is considering changing its method of disseminating loan data that would make it less readily available to the public and significantly hamper our collective ability to root out unfair and discriminatory practices.
The CFPB needs to keep easy access to HMDA data Read More »
