The Federal Reserve and several industry groups have agreed to put their lawsuit over stress testing on pause, an outcome that gives all sides a reprieve without sacrificing their legal optionality. Late last week, the Fed joined the Bank Policy Institute, the American Bankers Association, the U.S. Chamber of Commerce and a pair of Ohio […]
Stress-test suit pause lets all sides fight another day Read More »
The Trump administration wants to back off yet another mortgage-related lawsuit, aiming to exit a dispute between borrowers and Mr. Cooper over alleged servicing junk fees. The Consumer Financial Protection Bureau asked a judge to withdraw its amicus brief supporting plaintiffs challenging Mr. Cooper’s $25 expedited payoff quote statements. In that brief filed last August,
CFPB backs off Mr. Cooper ‘junk fee’ lawsuit Read More »
Bill Pulte, a key housing regulator, is poised to do something about high costs associated with credit metrics as two key legislators steer him away from one related move his predecessor considered. “Still not happy with FICO. We should be making some decisions on all related items in next 1-3 weeks,” Pulte said in an
Pulte plans credit score move as legislators back tri-merge Read More »