DOJ, FBI say China-backed hackers breached Fed, other US agencies
Court docs tie QTFY group to multiagency cyber breaches
Regulatory
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Colorado’s AI proposal raises new compliance questions for lenders
MBA says definitions of ADMT and consequential decisions need clearer guidance for creditors
Unlock reaches deal with Minnesota AG after home equity agreements were labeled illegal
Minnesota AG secures nearly $1M in relief; Unlock is no longer offering HEAs there
Real Brokerage wins Canadian court approval for REMAX deal
Companies target Aug. 24 close, DOJ already ended HSR waiting period early.
Newrez agrees to $15.5M settlement over forced-place insurance
Regulators in 46 states and DC reached a $15.5M settlement with Newrez over lender-placed insurance charges and refunds.
Mortgage insurers face larger safety net rule for VantageScore 4.0
Mortgage insurers will be required to keep a larger safety net for mortgages originated using VantageScore 4.0 than for comparable loans using Classic FICO, according to new guidance from the government-sponsored enterprises.
Trump reportedly renews bid to oust Fed Gov. Lisa Cook
President Donald Trump is moving forward with a renewed attempt to remove Federal Reserve Gov. Lisa Cook over mortgage fraud allegations.
Regulators move to narrow CRA, drawing fire from advocates
Federal banking regulators released a Community Reinvestment Act (CRA) proposal Friday that narrows how banks earn credit for community development while raising asset thresholds for small and midsized institutions.
House subcommittee probes Compass MRED private listing network deal
House subcommittee asks Compass and MRED for briefings by Aug. 5 on PLNs, citing transparency and competition concerns.
Awaiting the CFPB’s next act ahead of Vought’s departure
With Vought authority ending Aug. 1, the CFPB awaits Brian Johnson’s nomination as states expand enforcement and lenders seek clarity.