Tag Archives: Financial Institutions

According to MeridianLink’s latest Nationwide Mortgage Lending Survey, more than 30% of Americans are less confident in their ability to afford a home compared to five years ago. In addition, 55% expect mortgage rates to continue rising through the remainder of 2023.

Usage by financial institutions increased by 46% year-over-year from approximately 6 billion scores used to 8.8 billion scores. Usage by banks and thrifts increased by 13.5% and usage by credit card issuers increased by over 18%.

The Bureau’s new rule will provide data on small business lending to give investors and lenders more insight into identifying opportunities that support economic growth.

In the Bureau’s Semi-Annual Report, Director Rohit Chopra detailed the work the CFPB has accomplished, including securing $275 million in total consumer redress and $270 million in civil money penalties.

An expert gives insights on how dwindling of reporting data could harm underserved communities and weaken bank performance evaluation.

Equifax and FICO will integrate differentiated data and precision decisioning to help financial institutions optimize interactions with customers.

Ellie Mae's AllRegs Online enables lenders to confidently manufacture loans knowing they meet the latest investor requirements or state and federal statutes.

Experts point to potential problems that were not addressed in the housing and financial services industries after the Great Recession receded and the market rebounded, as well as ways to still address these problems before it is too late.

A report quantifying the incremental burden on financial institutions in keeping up with regulatory changes found that the recently passed bill had increased regulatory activities for lenders. Here are the details.

Creating a diverse customer base starts by looking at your company culture and community outreach strategies. Editor's note: This feature originally appeared in the June issue of MReport, out now.