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Former CFPB director Chopra to lead progressive consumer group

Rohit Chopra, former director of the Consumer Financial Protection Bureau (CFPB) and a previous member of the Federal Trade Commission, has landed a new job. According to reporting from Bloomberg on Tuesday, a coalition of Democratic state prosecutors called The Progressive State Leaders Committee (PSLC) has hired Chopra to lead its Consumer Protection and Affordability […]

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Pennymac TPO waives $99 credit report fee for December POWER+ loans

Pennymac TPO is waiving a $99 credit report fee charged at closing for loans submitted through its POWER+ portal in December, the lender announced Wednesday. “Qualified credit report fee waivers will be paid by Pennymac at closing—no action required by the partner,” the company said in a notice to brokers. The move comes as credit

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