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Connecticut federal court allows CFPB claims to proceed against mortgage company and principals for alleged licensing and other violations

CFPB Monitor

A Connecticut federal district court has refused to dismiss claims filed by the CFPB against a mortgage company and three of its principals for alleged Truth in Lending Act (TILA), Mortgage Act and Practice (MAP) Rule, and Consumer Financial Protection Act (CFPA) violations.

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A bridge to affordable housing

Independent Banker

We were able to keep them from having to raise higher cost debt through the bond markets, and they went from last in mortgage origination to first. The bank recognized the dramatically growing need for affordable housing in greater Austin and through its leadership, has helped the fund to more than double in size in six months.”.

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