Low rates and intense competition might lead some banks to ease underwriting standards in 2021, when the economy may not yet have recovered.
The bar to prove discriminatory patterns is so high that plaintiffs would have slim odds of winning lawsuits against housing providers.
The bureau released a five-year review of the so-called TRID regulation that found consumers benefited from being able to compare mortgage terms and costs, but the price tag for the industry was roughly $146 per loan.
The former chairman of the National Credit Union Administration will work with the fintech to broaden its reach in the credit union space.
The company's software can now be used to handle personal loans, credit cards and specialty-vehicle loans.
The agency reported signs of stress on the credit quality in residential loans serviced by seven large banks as a result of the COVID-19 pandemic.
The company also found a buyer for its portfolio of equipment finance loans as it tries to clean up credit and refocus on middle-market lending.
Credit unions need to improve their processes to ensure the problems that have arisen with credit reporting during the coronavirus don't happen again.
More than 160 institutions will use the money to help members weather the coronavirus by offering new products and providing help with loan payments.
The company said the sale will provide more consistent financial results and allow it to redeploy funds to support other businesses.
