CFPB Director Rohit Chopra stated that the agency will utilize its "dormant authority" to supervise nonbank financial companies suspected of posing risk to consumers.
In a review panel, the CFPB outlined its options to ensure that computer models used to help determine home valuations are accurate and fair.
The CFPB published in the Federal Register its request for comment on Regulation C, which implements the Home Mortgage Disclosure Act. Comments must be received by January 21, 2022.
The CFPB requested input on the effectiveness of the rules that implement the Home Mortgage Disclosure Act in order to maintain a "fair, competitive, and non-discriminatory mortgage market."
The Federal Reserve Board, CFPB, FDIC, OCC, National Credit Union Administration and state financial regulators alerted mortgage servicers that they will resume their respective pre-pandemic supervisory and enforcement approaches towards noncompliance with mortgage-servicing rules.