article thumbnail

CFPB, DOJ warn AI advances are not an excuse to break laws

Housing Wire

In a joint statement , the Civil Rights Division of the DOJ, CFPB, FTC, and EEOC outlined a commitment to enforcement of existing laws and regulations despite a lack of regulatory oversight currently in place regarding emerging AI technologies.

Law 292
article thumbnail

EasyKnock under fire for “deceptive” sale-leaseback practices in Massachusetts

Housing Wire

Campbell’s office claims that EasyKnock “engaged in an unfair and deceptive equity-skimming scheme that involved purchasing the homes of cash-strapped consumers at bargain-basement prices and then renting them back to the consumers, at times for unfair rents,” in violation of the state’s consumer protection law.

Tenants 311
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Biden administration rolls out renter protections as rent prices soar

Housing Wire

population — or over 44 million households — live in rental housing, but there are no comprehensive federal laws to protect renters. The focus will also be put on the multifamily market. Fannie Mae provided more than $69 billion in debt financing to support the multifamily market last year.

Tenants 394
article thumbnail

Building a fairer financial future with rent payment reporting

Housing Wire

California’s SB 1157 has made a significant impact on the lives of tenants in subsidized housing developments. This groundbreaking state-specific law mandates that landlords who own or operate such properties offer their tenants the option to have their rental payments reported to credit bureaus.

Tenants 410
article thumbnail

Zillow to list housing discrimination protections

Housing Wire

Rentals listed on Zillow will now show whether or not they lie in a jurisdiction with local laws protecting renters from discrimination based on the use of Housing Choice Vouchers. The app also lists any local laws protecting renters who use veteran’s benefits or Social Security insurance payments to pay their rent.

Landlords 462
article thumbnail

Opinion: More financing options for ADUs are needed

Housing Wire

A recent survey by Villa noted that some ~60% of rental tenants said that living in an ADU has allowed them to live in a neighborhood they would not otherwise be able to afford — that’s a big deal. Private sale In late 2023, one of the most significant shifts for California residents occurred as Governor Gavin Newsom signed AB-1033 into law.

Finance 461
article thumbnail

Opinion: How ADUs can alleviate the U.S. housing crisis

Housing Wire

housing market is short by at least 6.5 Most production builders have focused on ever larger and more expensive new homes, and relatively few new homes have been built that cater to lower-income households and entry-level buyers, especially in high-cost coastal markets. million homes.

Tenants 378