Tuesday, May 14, 2024 | The Latest Buzz for the Appraisal Industry

CFPB Warns Mortgage Industry About Legal Responsibilities in Disclosure

Federal anti-discrimination laws in banking are supposed to protect consumers from credit companies from denying an application for credit or taking other adverse actions without just cause or a clear explanation on why the action was taken.  Companies have long used advanced computational methods as part of their credit decision making process, but as technology evolves, …

The post CFPB Warns Mortgage Industry About Legal Responsibilities in Disclosure appeared first on DSNews.

This post was originally published on this site

Karen Connolly

Going to Extremes

Does the cost of homeowners insurance affect the price of a home? In some markets, the answer is increasingly yes. In recent years, insurance companies

Read More »

TOP RATED PRODUCTS

5/5