FHA extends cybersecurity reporting requirement timeline from 12 to 36 hours

The Federal Housing Administration (FHA) this week published a final Mortgagee Letter (ML), 2024-23, that requires lenders to report a cybersecurity breach within 36 hours of being detected. While the FHA posted a draft version of the ML online in September to seek feedback, the agency stated that t

Opposition to the NAR settlement agreement continues to roll in

One week after it was granted final approval, the National Association of Realtors’ (NAR) commission lawsuit settlement agreement is facing more challenges.On Monday, settlement objector and University of Buffalo law professor Tanya Monestier filed a motion to intervene in the Sitzer/Burnett suit. A

CFPB proposes restrictions on sales of consumer information by data brokers

In one of its final regulatory efforts under the Biden administration, the Consumer Financial Protection Bureau (CFPB) proposed a new rule on Tuesday that aims to protect consumer financial data from misuse by limiting its sale by data brokers. The proposal has drawn criticism from industry trade gr