One of the key rules the CFPB put in place is a requirement that any borrower who obtains a subprime mortgage must undergo homebuyer counseling with a representative approved by the U.S ...

What is a non-qualified mortgage? A non-qualified mortgage is a type of mortgage that doesn’t conform to certain standards set by the Consumer Financial Protection Bureau (CFPB). These standards ...

The move ends the consumer watchdog's monitoring of the lender more than three years ahead of schedule. In November 2023, BofA had agreed to pay a $12 million fine to settle CFPB charges that it ...

CFPB rescinds 67 guidance documents, including mortgage policies Acting director Vought said the CFPB guidance has, in many instances, ‘imposed compliance burdens’ ...

The Consumer Financial Protection Bureau (CFPB), under the leadership of acting director Russell Vought, is continuing to assess regulations it deems outdated or unnecessary. The rule also ...

“The CFPB is taking immediate action to understand and resolve the situation that has affected hundreds of thousands of consumers. The CFPB will use all appropriate tools at our disposal to help ...

NEW YORK, March 17 (Fitch) Fitch Ratings has finalized its criteria for analyzing loans securing U.S. RMBS under the qualified mortgage (QM) standards and Ability-to-Repay rule (the Rule) recently ...

US CFPB ends monitoring of BofA over mortgage reporting case By Reuters June 23, 20253:33 PM PDTUpdated June 23, 2025 ...