CFPB on verge of industry-changing lawsuit

CFPB on verge of industry-changing lawsuit

The Title Report has learned from multiple sources that the Consumer Financial Protection Bureau is on the verge of filing a lawsuit against an independent mortgage lender concerning violations of the Equal Credit Opportunity Act (ECOA). If the regulators file expected allegations, sources said the lawsuit could effectively end the industry’s ability to market and advertise their services through a variety of media channels.

Source: thetitlereport.com