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.
Regulatory
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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 administration ends Affirmatively Furthering Fair Housing rule
During a media conference on Wednesday, HUD officials announced that the agency was ending the Affirmatively Furthering Fair Housing (AFFH) rule. They claim that the rule amounted to the federal government “annexing” the suburbs, a claim that was echoed by President Donald Trump in 2020.
FHFA nominee Bill Pulte discloses investments in rental properties, HVAC firms and … MrBeast
Bill Pulte, the Trump administration’s nominee to run the Federal Housing Finance Agency (FHFA), has a wide array of investments with a value north of $190 million, including holdings in rental properties, HVAC firms, entertainment companies and Elon Musk’s X.
DOGE to federal employees it instructed to stop working: Show us what you worked on or be fired
After being plagued for years by civil investigative demands and lawsuits from the Department of Justice (DOJ), the real estate industry hoped for looser antitrust enforcement under a second Trump administration. Although enforcement experts were initially skeptical, the latest action taken by the Elon Musk-helmed Department of Government Efficiency may be just what the real […]
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.
GOP bills would eliminate funding for the CFPB
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.
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.
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.