As regulatory oversight continues to evolve, real estate professionals have an opportunity to take a more proactive role in protecting consumers throughout the transaction process. Mike Silver with Spencer Fane, LLP and Justin Wiseman with the Mortgage Bankers Association will speak to the shifting federal rules and what needs to happen to ensure consumer protection on October Research, LLC’s, webinar “Taking Ownership of Consumer Protection” on June 24.

In light of its April final rule amending key fair lending requirements, the Consumer Financial Protection Bureau rescinded a 2020 advisory opinion on Regulation B, an implementing rule for the Equal Credit Opportunity Act.

The House Financial Services Committee held its annual hearing to evaluate the actions of the four federal prudential regulators of the U.S. financial system. The discussion focused primarily on the agencies’ work to “right-size” financial regulations while still promoting innovation.

Dodd Frank Update recently sought insight from Brent Bowen, president of Texas Valuation Professionals, Inc. in Plano, Texas, about the impact of artificial intelligence on appraisal. A lot depends on the skill of the user, he said.

At this year’s National Settlement Services Summit (NS3) in Kansas City, Mo., Dodd Frank Update sat in on the session “From Token to Title: Applying Cryptocurrency for Real Estate Opportunities.” The panelists discussed a new universal payment token that is being marketed as a crypto asset that can be used by consumers to help them with home purchases and other transactions.

Federal financial agencies issued a rule establishing joint technical standards for data submitted to certain financial regulatory agencies on June 12, implementing provisions of the Financial Data Transparency Act of 2022.

The U.S. Department of Veterans Affairs recently published a list of precautions veterans and servicemembers should consider when considering refinancing options. NewDay USA Chief Revenue Officer Franco Greco said veterans should look for lenders who take the time to understand their needs in comments provided to Dodd Frank Update.

President Donald Trump has nominated Brian Johnson to serve as the permanent director of the Consumer Financial Protection Bureau for a five-year term. Johnson spent more than two years in senior leadership roles at the bureau during Trump’s first term before leaving for the private sector.

Although Congress passed legislation authorizing the Department of Veteran Affairs to establish a new assistance program for struggling veteran homeonwers last July, it is still not in place. Donna Schmidt of #WaterfallCalc, spoke to Dodd Frank Update about the many contributing factors to the delay that has left many veterans and their families facing foreclosure.