CFPB staffer alleges misconduct in Townstone redlining suit
New CFPB leadership allegedly uncovered what attorneys call targeting of Townstone Financial based on its speech.
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Treasury Department plans to cut thousands of employees
U.S. Department of Treasury plans to lay off a “substantial portion” of its staff.
Fitch Ratings assesses home equity investments amid wider scrutiny
The credit ratings agency said it does not rate HEIs, as some have gone after the industry by comparing its products to reverse mortgages.
Judge reportedly leans toward pause in Trump’s actions to unwind the CFPB
A district court judge is reportedly weighing whether to issue a longer-term pause on DOGE-led efforts to wind down the CFPB.
What has the CFPB done for the reverse mortgage industry?
As the CFPB is being scaled back by current leaders, RMD takes a look at its impact on the reverse mortgage industry.
Warren blasts CFPB, FHFA nominees as they advance to Senate confirmation votes
Fresh off a marathon confirmation hearing to assess the fitness of four Trump administration appointees, Sen. Elizabeth Warren (D-Mass.) is castigating each of the candidates after reviewing their answers to her questionnaires.
CFPB dismisses TILA lawsuit against Vanderbilt Mortgage
The bureau dropped a case in which it accused the lender of granting borrowers “unaffordable loans” that caused some to lose their homes.
CFPB nominee McKernan commits to protecting older Americans from financial abuse
Jonathan McKernan, the CFPB director-designate, said in his confirmation hearing that he will ensure older Americans are protected from financial exploitation.
Trump memo calls for escalation of mass layoffs at federal agencies
In a memo circulated on Wednesday, President Donald Trump laid out a two-phase requirement for agencies to eliminate more positions.
Trump allies fear DOGE’s methods to dismantle CFPB could backfire: report
Not everyone in the Trump orbit is apparently happy with Elon Musk‘s Department of Government Efficiency (DOGE) method of picking apart the Consumer Financial Protection Bureau (CFPB). Some Trump aides and advisers fear that DOGE is “moving too fast and breaking too many things,” Bloomberg reported Saturday.