FFIEC HMDA Modified LAR Available
The FFIEC announced that the 2022 HMDA Modified Loan/Application Registers (LAR) are now available. The modified LAR file is available for every financial institution that completed a HMDA data submission in the selected year. The modified LAR data represents the most current HMDA submission made by an institution.
CFPB Takes Action Against Debt Collector
The CFPB took action against a debt collector for: violating a 2015 CFPB order by collecting on unsubstantiated debt, collecting on debt without providing required documentation and disclosures to consumers, suing or threatening legal action against consumers without offering or possessing required documentation, suing to collect on debt outside the statute of limitations, and failing to properly investigate and resolve consumer disputes about the company's credit reporting. If ordered by the court, the collection agency would need to pay at least $12.18 million to consumers harmed by its illegal collection practices, pay a $12 million penalty to the CFPB victims relief fund, and comply with the FDCPA, FCRA, and Regulation V.
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