Senate Democrats press CFPB’s Vought over mass deletion of records

Senate Democrats have accused Consumer Financial Protection Bureau (CFPB) acting director Russell Vought of stripping away key consumer protection resources and obscuring past enforcement work in a letter sent on Monday. “Your decision deprives Americans of key resources and is yet another giveaway
Read MoreThe next credit gap: When BNPL, rent and trended data collide

As mortgage underwriting absorbs Buy Now, Pay Later (BNPL) activity, rent payment history and trended credit data, consumers face a new challenge: understanding how everyday financial behavior is being interpreted by increasingly sophisticated scoring systems. Credit modernization is not the problem
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A fiendishly brilliant advertising copywriter working for Benetton during the “hanging chads” Presidential election controversy in 1992 took a circa-1973 Yogi Berraism and transformed it for a New York City billboard on the heavily trafficked northbound West Side Highway. “It ain’t Oval ‘til it’s Ov
Read More FHFA pushes GSEs to embrace chattel loans in Duty to Serve proposal

The Federal Housing Finance Agency (FHFA) has proposed replacing its existing Duty to Serve (DTS) regulation with an outcome-based framework that would change how Fannie Mae and Freddie Mac support manufactured housing, affordable housing preservation and rural housing. The proposal, released in a n
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