A Federal Appeals Court Found the Consumer Protection Bureau's Funding Structure is Unconstitutional
The agency, created in response to the 2008 financial crisis, has faced a slew of legal challenges.
Source: govexec.com
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CFPB sued over unlawful mortgage transparency rule
Business groups urge court to "bring sunlight back into mortgage lending data"
Source: mpamag.com
Banks saw opportunity during COVID, permanently shuttering 230 branches in Mass.
Branch closures hit some customers hard: small businesses that deal in cash, city dwellers reliant on public transit, and older customers. Of the 230 branches closed since the start of COVID, one quarter of those were in low- and moderate-income areas, according to federal data and WBUR reporting.
Source: wbur.org
What Bank of America's mortgage pilot can and can't fix for homeownership disparities
The company says it hopes to help Black and Latino borrowers buy houses and build wealth with its new pilot program. Experts say it's a start, but doesn't go far enough.
Source: kazu.org
What Bank Of America's Mortgage Pilot Can And Can't Fix For Homeownership Disparities
The company says it hopes to help Black and Latino borrowers buy houses and build wealth with its new pilot program. Experts say it's a start, but doesn't go far enough.
Source: laist.com