The CFPB charged a mortgage lender with using exaggerated and misleading home estimates to encourage customers to take out reverse mortgages.
A reverse mortgage lender settled CFPB charges for sending advertisements to senior citizens that misrepresented the costs and risks associated with the lender's loans.
The CFPB delayed the compliance date for an amendment to the definition of the General Qualified Mortgage category under the Truth in Lending Act.
The CFPB proposed a delay - from July 1, 2021 to October 1, 2022 - for compliance with an amended definition of the General Qualified Mortgage category under the Truth in Lending Act.
The CFPB stated that it expects to delay the July 1, 2021 mandatory compliance date of the General Qualified Mortgage Rule and is considering whether to revoke or amend the "Seasoned QM" Final Rule.