Quote: June 3, 2024

“We have been vocal since last year about the sharply rising costs of credit reports and other credit reporting products and are pleased the [Consumer Financial Protection Bureau’s] RFI provides an opportunity to share our concerns about the lack of transparency into what’s driving these pricing changes.”
–MBA statement in response to the CFPB’s request for information on mortgage closing costs. See this week’s MBA Advocacy Update for more information.