Tag Archives: Rohit Chopra

Rocket Homes off the hook as Trump’s CFPB drops lawsuits

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RESPA complaint that accused Rocket Homes of favoring real estate agents who steered clients to Rocket Mortgage is dismissed “without prejudice” by CFPB’s new leadership. Continue reading →

NAR, Mortgage Bankers Association back CFPB nominee

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The National Association of Realtors and several other housing groups urged Congress to confirm Consumer Financial Protection Bureau nominee Jonathan McKernan, noting he has a “wealth of experience” to lead the financial watchdog. Continue reading →

Trump nominates Jonathan McKernan as director of CFPB

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President Donald Trump has nominated Jonathan McKernan as the new director of the Consumer Financial Protection Bureau (CFPB), a major move in the administration’s broader government restructuring. McKernan’s nomination has been sent to the Senate for … Continue reading →

CFPB is latest target of Trump’s downsizing government campaign

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Democrats vow to fight moves to “unlawfully ‘delete’ this popular consumer watchdog that enjoys the broad bipartisan support of 4 out of 5 Americans.” Continue reading →

Rules on closing costs, PACE loans on CFPB chopping block

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In his first act as interim Consumer Financial Protection Bureau director, Treasury Secretary Scott Bessent froze action on all rules and litigation. Here’s what that potentially means for the recent slate of rules and lawsuits targeting the mortgage i… Continue reading →

Rules on closing costs, PACE loans on CFPB chopping block

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In his first act as interim Consumer Financial Protection Bureau director, Treasury Secretary Scott Bessent froze action on all rules and litigation. Here’s what that potentially means for the recent slate of rules and lawsuits targeting the mortgage i… Continue reading →

Treasury Secretary Scott Bessent to temporarily lead CFPB

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President Trump fired former Consumer Financial Protection Bureau Director Rohit Chopra on Saturday. Treasury Secretary Scott Bessent will take over leadership duties until Trump nominates a new director. Continue reading →

Manufactured homebuilder’s lender draws regulatory scrutiny

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Vanderbilt Mortgage, which also does business as Silverton Mortgage, is accused by CFPB of approving loans that it should have known borrowers couldn’t repay Continue reading →

Rocket accused of using ‘kickback scheme’ to attract more borrowers

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The Consumer Financial Protection Bureau claims Rocket gave real estate agents incentives to steer consumers away from other companies. Rocket calls the allegations a “lie” and political ploy. Continue reading →

Freedom Mortgage to pay $1.75M to settle agent kickback scheme

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Regulators claim lenders’ marketing agreements with more than 40 real estate brokerages, including Realty Connect USA, were a conduit for kickbacks that generated more than 1,000 mortgage referrals. Continue reading →