On April 14, the Consumer Financial Protection Bureau (CFPB) submitted a statement of interest to the U.S. District Court for the Southern District of Florida arguing that the Equal Credit Opportunity Act’s (ECOA) prohibition...more
Massachusetts AG Maura Healey reached a settlement with national subprime auto lender Credit Acceptance Corporation (“CAC”) to resolve allegations that CAC engaged in unfair and deceptive practices in originating, collecting,...more
As previously reported, the U.S. Department of Housing and Urban Development issued Mortgagee Letter 2019-06 in April of 2019 to impose new documentation requirements for down payment assistance provided by government...more