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FHFA, CFPB urge financial firms to offer disclosures in Spanish

FHFA, CFPB urge financial firms to offer disclosures in Spanish

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FHFA, CFPB urge financial firms to offer disclosures in Spanish
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FHFA, CFPB urge financial firms to offer disclosures in Spanish
FHFA, CFPB urge financial firms to offer disclosures in Spanish
FHFA, CFPB urge financial firms to offer disclosures in Spanish
FHFA, CFPB urge financial firms to offer disclosures in Spanish
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
Two regulatory agencies are urging lenders to provide disclosures to consumers in the language of their choice, a move that could presage future requirements that lenders make more accommodations for borrowers not proficient in English.The Federal Housing Finance Agency and the Consumer Financial Protection Bureau have taken steps in recent weeks for lenders and financial institutions to provide outreach to non-English speakers, particularly Spanish speakers.ย  Federal Housing Finance Agency...
Two regulatory agencies are urging lenders to provide disclosures to consumers in the language of their choice, a move that could presage future requirements that lenders make more accommodations for borrowers not proficient in English.The Federal Housing Finance Agency and the Consumer Financial Protection Bureau have taken steps in recent weeks for lenders and financial institutions to provide outreach to non-English speakers, particularly Spanish speakers.ย  Federal Housing Finance Agency...
Republicans urge FHFA to crack down on Fannie, Freddie activities
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WASHINGTON โ€” House Republicans called on the director of the Federal Housing Finance Agency to bolster its oversight of Fannie Mae and Freddie Mac, urging the regulator to take more steps to ensure the government-sponsored enterprises do not overstep their legal bounds.ย ย In a letter addressed to FHFA Director Sandra Thompson, Republicans led by Rep. French Hill of Arkansas suggested that the undercapitalization of Fannie and Freddie posed a considerable risk to the broader financial system....
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77 bank trade groups urge FHFA to modify its tangible capital rule
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77 bank trade groups urge FHFA to modify its tangible capital rule
housingwire housingwire | 1 year ago
A โ€œmisalignmentโ€ in existing regulations that allow banks to access lower-cost financing even with negative tangible capital could be negatively impact smaller banks, the letter to the FHFA says. The post 77 bank trade groups urge FHFA to modify its tangible capital rule appeared first on HousingWire.
A โ€œmisalignmentโ€ in existing regulations that allow banks to access lower-cost financing even with negative tangible capital could be negatively impact smaller banks, the letter to the FHFA says. The post 77 bank trade groups urge FHFA to modify its tangible capital rule appeared first on HousingWire.
Maxwell product allows real estate agents to offer mortgages
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FHFA starts its own Office of Financial Technology
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The Federal Housing Finance Agency is creating the Office of Financial Technology to serve as a centralized source of information to address emerging risks related to adoption and deployment of new digital tools."When used responsibly, fintech has the potential to improve borrowers' experiences with the mortgage process by reducing barriers, increasing efficiencies, and lowering costs," said Director Sandra Thompson in a press release. "The new office will help advance effective risk management...
The Federal Housing Finance Agency is creating the Office of Financial Technology to serve as a centralized source of information to address emerging risks related to adoption and deployment of new digital tools."When used responsibly, fintech has the potential to improve borrowers' experiences with the mortgage process by reducing barriers, increasing efficiencies, and lowering costs," said Director Sandra Thompson in a press release. "The new office will help advance effective risk management...
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