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.
CFPB
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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.
CFPB staffer alleges misconduct in Townstone redlining suit
New CFPB leadership allegedly uncovered what attorneys call targeting of Townstone Financial based on its speech.
Treasury Department plans to cut thousands of employees
U.S. Department of Treasury plans to lay off a “substantial portion” of its staff.