Saturday, May 4, 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

TOP RATED PRODUCTS

5/5