A ‘fair’ fight over the law; waiting for the Fed’s smoke signals
The Trump administration wants to reverse fair-lending laws; the Fed’s rate setters will do exactly what they’ve already told everybody they’re going to do.
What happens when you use ChatGPT to sell your home?
Realtors and loan officers are wary of using artificial intelligence in place of a real estate agent, after a homeowner claimed to realize meaningful savings.
How Trump is turning fair lending law on its head
Over the course of its first year in office, the second Trump administration has neutralized the enforcement of key civil rights laws by reorienting Consumer Financial Protection Bureau rules and eliminating “disparate impact,” that allows banks to be penalized for the discriminatory effects of policies without proving discriminatory intent.
Rocket sees new allegations of ADA violations
The former Rocket employee said she faced pressure to resign after requesting remote-work accommodations and leaves of absence to deal with health conditions.
CFPB cuts dull impact of Trump’s latest order, MBA exec says
In an interview at ICE Mortgage Technology’s annual conference, Bob Broeksmit also expressed skepticism of market dominance among just a few large lenders.
Financial advisor pay is ‘one of the most powerful strategic levers’ for RIAs
A new annual compensation report by consulting firm Succession Resource Group explains how pay plans can boost — or detract from — the value of an RIA.
Flourish launches mortgage platform to help RIAs retain assets
The RIA technology platform builds on its acquisition of AI-powered liability-optimization fintech Sora Finance last year.
FHFA plan renews its effort to grow counterparty oversight
A Federal Housing Finance Agency report suggests it should have more authority over companies that work with Fannie Mae and Freddie Mac.
New on American Banker: Wealth and Mortgage destinations
For the first time, we’re expanding coverage powered by our sister brands Financial Planning and National Mortgage News.
Nebraska bank to settle MoveIt data breach for $2.4M
Union Bank and Trust is resolving claims from a 2023 software exploit that exposed customer data to cybercriminals.