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Credit Reporting Agency and Exec Sued by CFPB - Vimarsana News

Credit Reporting Agency and Exec Sued by CFPB

CFPB sues credit reporting agency CRA, two of its subsidiaries, and a former senior executive for violating a 2017 consent order about credit scores and other credit-related products.

Utah Enacts Commercial Financing Disclosure Requirement - Finance and Banking - Vimarsana News

Utah Enacts Commercial Financing Disclosure Requirement - Finance and Banking

On March 24, Utah Governor Spencer Cox signed SB 183 into law making Utah the third state in the country to enact a Truth in Lending-like commercial financing disclosure law.

Source: mondaq.com
CFPB Fines Student Loan Servicer $1 Million To Settle Alleged UDAAP Violations - Finance and Banking - Vimarsana News

CFPB Fines Student Loan Servicer $1 Million To Settle Alleged UDAAP Violations - Finance and Banking

On March 30, the CFPB settled with a student loan servicer to resolve allegations that the servicer made deceptive statements to student loan borrowers and misrepresented their forgiveness...

Source: mondaq.com
Interagency Task Force Unveils Action Plan To Address Racial Discrimination In Home Appraisals - Finance and Banking - Vimarsana News

Interagency Task Force Unveils Action Plan To Address Racial Discrimination In Home Appraisals - Finance and Banking

On March 22, HUD announced the delivery of the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) Action Plan to President Biden.

Source: mondaq.com
Utah Governor Spencer Cox Signed SB 183 Into Law - Vimarsana News

Utah Governor Spencer Cox Signed SB 183 Into Law

Utah Commercial Financing Registration and Disclosure Act the Act does not include an APR disclosure requirement and requires commercial lenders to register as commercial loan providers with the Nationwide Multistate Licensing System and Registry and DFI