Awaiting the CFPB’s next act ahead of Vought’s departure
With Vought authority ending Aug. 1, the CFPB awaits Brian Johnson’s nomination as states expand enforcement and lenders seek clarity.
Consumer Financial Protection Bureau
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CFPB seeks input on mortgage disclosures and TRID rules
CFPB issued an RFI on TRID, refinance rescission and reverse mortgage disclosures, asking if current rules raise costs and limit access.
White House taps Brian Johnson to lead CFPB
The White House has sent the nomination of Brian Johnson to serve as director of the Consumer Financial Protection Bureau (CFPB) to the Senate, according to a notice filed on Wednesday.
Trump’s mortgage order sets stage for regulatory shift, draws consumer backlash
President Donald Trump’s executive order targeting mortgages addresses several concerns raised by banks and nonbanks, which have largely welcomed it as a road map for regulatory change. But it’s also receiving pushback from consumer advocates.
Rocket Companies hit with class-action lawsuit alleging steering, home-price inflation
Detroit-based Rocket Companies was hit with a class-action lawsuit on Monday that accuses one of the nation’s largest mortgage lenders of steering consumers to their loan products, “even though Rocket Mortgage’s terms are disadvantageous to the clients.”
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.
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.
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.
Over 400K mortgages may be underinsured for flood risk: CFPB
The CFPB found that hundreds of thousands of mortgaged properties in the southeast and central southwest alone may be underinsured.
CFPB sues Rocket, The Jason Mitchell Group over RESPA violations
The CFPB is accusing Rocket Homes of orchestrating a kickback scheme to funnel business to its sister companies.