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CFPB

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GOP bills would eliminate funding for the CFPB

February 21, 2025 by bp56691
Two Republican lawmakers from Texas have introduced bills that would end funding for the Consumer Financial Protection Bureau (CFPB), the latest in a series of swift moves by the Trump administration that target the embattled regulator.
Categories CFPB, House of Representatives, Housing Market, HWmember, Legislation, Politics, Regulatory, Republican Party, Trump Administration

Judge clears way for federal layoffs, including at the CFPB and VA

February 21, 2025 by bp56691
A judge cleared the path for mass layoffs of federal workers, including at the CFPB, by ruling against a Treasury Employees Union lawsuit.
Categories CFPB, Donald Trump, Housing Market, HUD, HWmember, Lawsuit, Politics, Regulatory, Veterans Administration

Massachusetts AG sues Hometap over ‘illegal reverse mortgage’

February 20, 2025 by bp56691
Massachusetts’ attorney general alleges that Hometap’s equity investment product is deceptive and constitutes an “illegal” reverse mortgage. Hometap calls the suit “meritless.”
Categories CFPB, HECM, Hometap, HWmember, Lawsuit, Legal, Massachusetts, Reverse

Two CFPB critics appointed to leadership roles at the bureau

February 19, 2025 by bp56691
The newest leaders of the CFPB might not be planning long-term employment. Jeffrey Clark was appointed senior advisor to Chief Legal Officer Mark Paoletta.
Categories CFPB, Donald Trump, HWmember, Politics, Regulatory, Trump Administration

Judge blocks CFPB firings amid Treasury labor union lawsuit

February 15, 2025 by bp56691
A federal judge temporarily blocked the mass firing of CFPB employees on Friday as part of a lawsuit filed by federal employee trade unions.
Categories CFPB, Donald Trump, HWmember, Lawsuit, Politics

Win some, lose some: Appraisers wrestle with the CFPB’s dismantling

February 15, 2025 by bp56691
Win some, lose some: Appraisers wrestle with the CFPB’s dismantling
Appraisers have mixed feelings about the status of the Consumer Financial Protection Bureau. They welcome the end of the PAVE Task Force, but a potential closure means the agency won’t issue final rules in a fight against appraisal management companies.
Categories AMCs, Appraisals, Appraisals and Valuations, CFPB, HWmember, Regulatory, Trump Administration

HUD to cut 50% of its workforce in latest Trump purge

February 14, 2025 by bp56691
HUD will cut employees in the offices that enforce civil rights laws, compile data and pay to rebuild communities after disasters.
Categories CFPB, Housing Market, HUD, Politics, Regulatory, Scott Turner

Legal experts weigh in on the CFPB and the future of regulation

February 12, 2025 by bp56691
What will the CFPB look like under new director Jonathan McKernan? Legal experts weigh in on the federal and state regulatory environment.
Categories CFPB, Dodd-Frank, HUD, HWmember, Politics, Regulatory, Scott Bessent, Title

Trump names Jonathan McKernan director of gutted CFPB

February 12, 2025 by bp56691
Trump has nominated Jonathan McKernan, former board member of the FDIC and senior counsel of policy at FHFA, to be director of the CFPB.
Categories CFPB, FHFA, Politics, Regulatory, Scott Bessent

The CFPB may be frozen, but RESPA hasn’t gone away

February 10, 2025 by bp56691
Regulatory experts weigh in on what Russell Vought’s decision to shut off CFPB funding means for the enforcement of RESPA and UDAAP
Categories CFPB, HWmember, Real Estate, Real Estate Settlement Procedures Act, Regulatory, Regulatory Compliance, Trump Administration
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