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WASHINGTON — Freddie Mac CEO Donald Layton on Monday urged housing finance executives to focus less on the fate of his company and Fannie Mae and more on the lending infrastructure the two have marshaled.
Layton spoke to executives attending the Mortgage Bankers Association annual meeting at the Washington Convention Center.
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He said he “would depart from corporate speak” in his remarks which he described as “insights….gathered from his observations of the political and regulatory world of Washington.”
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The CFPB is ordering Navy Federal to refund more than $80 million to consumers, stop charging illegal overdraft fees, and pay a $15 million civil penalty.
A CFPB and NCUA investigation determines VyStar ignored red flags and continued with the rollout that caused members to lose access to their accounts and funds for weeks.
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