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.
Regulatory
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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.
California insurance commissioner rejects State Farm’s request for 22% rate increase
On Friday, California insurance commissioner Ricardo Lara rejected State Farm’s request for “emergency” rate increases, going against the recommendation of his staff experts.
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.
As White House scrutinizes HUD programs, union leaders offer a waste target
Despite a high level of anxiety at HUD, a pair of union leaders said there could be a chance to do away with at least one “inefficient” program.
Could government funding scrutiny come for reverse mortgage programs?
Reverse mortgage programs have performed well recently, according to HUD reports, but the Trump administration is bringing added scrutiny.
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