CFPB’s ECOA proposal raises alarms over women’s ability to get a mortgage
The CFPB’s proposed changes to ECOA rules could limit credit access for women, communities of color and rural residents.
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CFPB ends multiple lender consent orders, opens few new cases
Under the Trump administration, the Consumer Financial Protection Bureau (CFPB) has been winding down enforcement actions against lenders and servicers while opening only two new cases.
NAMB issues support for CHLA white paper on LO compensation
NAMB’s letter said that the association opposes the current “rigid” interpretation of loan originator compensation regulations.
Federal Reserve watchdog investigates efforts to dismantle CFPB
The Federal Reserve watchdog is reportedly taking a closer look at efforts to dismiss staff and cancel contracts at the CFPB.
CFPB enforcement head resigns, citing ‘no intention to enforce the law’
Cara Petersen, the acting CFPB enforcement director, has resigned, citing a lack of intention to “enforce the law in any meaningful way.”
CFPB seeks rescission of pandemic-era mortgage servicing rule
The CFPB says the rule it’s seeking to rescind is no longer necessary due to the end of the COVID-19 national emergency.
Inside the Trump administration’s plans to gut the CFPB
HousingWire has obtained details of the planned mass layoff at the CFPB, which would see some divisions shrink dramatically or cease to exist.
The CFPB announces sweeping job cuts: up to 90% gone
An email sent to employees outlined the agency’s new focus, noting that it would be shifting its focus away from its supervisory roles
CFPB freezes nonbank registry rule after industry pushback
The CFPB is rescinding a rule that required nonbank financial services providers to register with a new federal database.
Federal judge orders CFPB to reinstate terminated employees
Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia issued her ruling in conjunction with a lawsuit brought by the National Treasury Employees Union.