The Consumer Financial Protection Bureau (CFPB) has announced a proposed ban that they believe will have a significant impact on the mortgage industry. According to the bureau, this ban could potentially result in the approval of approximately 22,000 additional mortgages on an annual basis. This move is seen as a strategic measure to increase access to credit and homeownership opportunities for more American consumers.
Key points:
– CFPB proposes a ban that could lead to 22,000 more mortgages approved annually
– Aim is to increase access to credit and homeownership opportunities for consumers
– Potential impact on the mortgage industry and lending practices
You can read this full article at: https://www.housingwire.com/articles/cfpb-proposal-would-ban-medical-debt-from-credit-reports/(subscription required)
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