#CFPB

#CFPB

The Consumer Financial Protection Bureau - a federal watchdog - announced that on February 13, checks began going out in the mail to student-loan borrowers who qualified for a portion of the settlement the agency reached with major lender Navient in 2024. The settlement resolved claims from a 2017 lawsuit that accused the servicer of misleading borrowers about their repayment plan options, leaving them "cheated" out of lower monthly payments.

The NAMB advocates for a return to common-sense regulatory approaches that distinguish abusive behavior from today's transparent and consumer-focused lending models.

the GSEs are moving in the right direction.

The MBA's response emphasizes the need to roll back certain regulatory measures it believes hamper the efficiency and cost-effectiveness of the mortgage industry.

The CFPB's decision to reduce supervisory exams by 50% while shifting focus toward non-depository financial services indicates changing regulatory approaches in the mortgage industry.

Ethics experts have advised that Kliger's position and stock holdings raise significant concerns regarding potential conflicts of interest and violations of federal ethics laws.

The Texas judge's ruling earlier this month came a day after major industry groups announced they had reached an agreement to throw out the $8 late fee cap.