Judge clears way for federal layoffs, including at the CFPB and VA
A judge cleared the path for mass layoffs of federal workers, including at the CFPB, by ruling against a Treasury Employees Union lawsuit.
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Massachusetts AG sues Hometap over ‘illegal reverse mortgage’
Massachusetts’ attorney general alleges that Hometap’s equity investment product is deceptive and constitutes an “illegal” reverse mortgage. Hometap calls the suit “meritless.”
Two CFPB critics appointed to leadership roles at the bureau
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.
Judge blocks CFPB firings amid Treasury labor union lawsuit
A federal judge temporarily blocked the mass firing of CFPB employees on Friday as part of a lawsuit filed by federal employee trade unions.
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.
HUD to cut 50% of its workforce in latest Trump purge
HUD will cut employees in the offices that enforce civil rights laws, compile data and pay to rebuild communities after disasters.
Legal experts weigh in on the CFPB and the future of regulation
What will the CFPB look like under new director Jonathan McKernan? Legal experts weigh in on the federal and state regulatory environment.
Trump names Jonathan McKernan director of gutted CFPB
Trump has nominated Jonathan McKernan, former board member of the FDIC and senior counsel of policy at FHFA, to be director of the CFPB.
The CFPB may be frozen, but RESPA hasn’t gone away
Regulatory experts weigh in on what Russell Vought’s decision to shut off CFPB funding means for the enforcement of RESPA and UDAAP
Vought shuts down most of CFPB’s functions, cuts off funding
Russell Vought, the new acting director of the CFPB, is shutting down most of its functions and has cut off its funding.