Tag: lending oversight
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Judge Forces White House Budget Director to Keep Consumer Bureau on Life Support
Begrudgingly, Russell T. Vought just requested $145 million from the Federal Reserve to keep the Consumer Financial Protection Bureau — which he runs — alive. Barely. Only a few months of the CFPB’s work will be covered by that $145 million. Judge Amy Berman Jackson declared in a December 30, 2025 federal court order that…
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Mortgage Fraud Risk Rises, as White House Moves to Banish the Watchdog
Mortgage applications with signs of fraud have increased more than 8% since this time last year. The news comes from the property analytics firm Cotality. The firm runs algorithms through applications, pinpoints possible fraud, and maintains the National Mortgage Application Fraud Risk Index. Cotality notes that real estate fraud rises as more investors take out…
