by Eric J. Ellman | Jun 2, 2024
In May 2024, the CFPB announced a public inquiry into “junk fees that are increasing mortgage closing costs.” Comments on the seven-page RFI were due August 2, 2024. Comments can be found online. CDIA downloaded and highlighted relevant terms from institutional...
by Eric J. Ellman | May 28, 2024
In May 2024, Director Chopra spoke at an MBA gathering. In his speech, Chopra hit on several themes: Increased Credit Reporting Costs Being Put on Mortgage Lenders Price Hikes for FICO Scores and Credit Reports Stopping Price Gouging in the Future With regard to...
by Eric J. Ellman | Mar 8, 2024
In March 2024, a blog post was published to the Bureau’s website, Junk fees are driving up housing costs. The CFPB wants to hear from you. The blog was authored by Julie Margetta Morgan. The blog’s main point was that “[c]losing costs have risen, putting pressure on...
