Chester County News and Community Website
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has filed a proposed order to resolve its case against Townstone Financial. The order, pending court approval, seeks to address allegations …
CFPB Moves to Resolve Case Against Townstone Financial on Redlining Allegations Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) and the Justice Department (DOJ) have taken significant action against Fairway Independent Mortgage Corporation, accusing the company of redlining in majority-Black …
Federal Agencies Hold Fairway Mortgage Accountable for Discriminatory Lending Practices Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) recently released a critical advisory opinion and research report concerning contract-for-deed home financing. This form of seller financing has gained notoriety for …
CFPB Exposes Predatory Practices in Contract-for-Deed Home Financing Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has issued a spotlight report revealing troubling practices among residential solar lenders. The Bureau highlights instances where lenders mislead homeowners about …
CFPB Issues Warning on Misleading Solar Energy Loans Read More
WASHINGTON, D.C. — Five federal regulatory agencies have issued new guidance to help financial institutions reassess the value of residential real estate. This guidance focuses on reconsiderations of value (ROVs), …
Federal Agencies Issue New Guidance on Reassessing Home Valuations Read More
WASHINGTON, D.C. — Six federal regulatory agencies have announced a crucial new rule aimed at bolstering the credibility and integrity of automated valuation models (AVMs) used in mortgage valuations. This …
Federal Agencies Implement New Rule to Ensure Accuracy in Mortgage Valuations Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has extended the compliance deadlines for the small business lending rule, following a series of legal proceedings that temporarily halted its …
CFPB Extends Compliance Deadlines for Small Business Lending Rule Read More
WASHINGTON, D.C. — In a bid to clarify the recently launched United States Department of Agriculture’s (USDA) Discrimination Financial Assistance Program, the Internal Revenue Service (IRS) has issued a set …
IRS Issues New Guidelines on USDA’s Discrimination Financial Assistance Program Read More WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has initiated a groundbreaking move to confront the rising overdraft fees that are emptying the wallets of consumers and filling the …
Proposed CFPB Rule Could Save Billions for Americans: An Insight into Overdraft Fees’ Loophole Read More
The Consumer Financial Protection Bureau (CFPB) and the Justice Department have filed a lawsuit against Colony Ridge, a Texas-based developer and lender, accusing it of operating an illicit land sales …
CFPB and Justice Department Sue Texas Developer for Predatory Land Sales Scheme Targeting Hispanic Borrowers Read More