A&B Abstract: As part of the Biden Administration's stated focus on narrowing the racial gap in wealth and homeownership, federal agencies launched an Interagency Task Force.
A draft discussion bill circulated this week, sponsored by House Financial Services Chairperson Maxine Waters (D-CA), would strike the Appraisal Foundation, and replace it with an independent federal agency.
The current leadership of the CFPB has not been shy about highlighting the importance of fair lending—and it is becoming increasingly clear that fair lending and equity.
PAVE’s report underscores the critical importance of fair and accurate appraisals in residential real estate. CFPB will be taking an active leadership role in the Appraisal Subcommittee of the Federal Financial Institutions Examination Council.