Consumer groups are trying to stop the Trump administration from vacating a settlement the government reached with a Chicago mortgage broker days before the November election
Acting director Russell Vought claims bureau 'abused its power' in redlining case against Townstone Financial that dragged on for 4 years, to 'further the goal of mandating DEI in lending'
A proposed rule change would let smaller lenders avoid government data reporting requirements if they only make a few closed-end mortgages per year
The US Senate voted 50-49 on Thursday to approve Kraninger as head of the agency that regulates banks and lenders on behalf of the public