Nearly half of mortgage complaints covered problems when a borrower was unable to pay, such as seeking a modification or dealing with a foreclosure. For deposit account complaints, almost half were about opening, closing or maintaining accounts. “For military personnel and their families, the realities of military life, including deployments, frequent moves, and a high operational tempo, can sometimes make access to those services extremely challenging,” said CFPB official Holly Petraeus.
Court lifts remaining nationwide injunction on BOI collection
A federal court has lifted its nationwide injunction on beneficial ownership information collection, citing a U.S. Supreme Court ruling in a separate case on the constitutionality of the Corporate Transparency Act.