CFPB cleared to fire 90% of staff by appeals court decision
The U.S. Court of Appeals ruled the district court lacked jurisdiction for employment loss claims, directing these claims to the Civil Service Reform Act.
Mat Ishbia on CFPB cuts, Trump's fraud allegations against Cook
Market watchers expect a September 25-bps Fed rate cut amid Trump pressure, boosting refinance activity and reducing CFPB influence under the administration.
NAMB supports CHLA proposal on loan officer compensation
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 CFPB's proposed rule for privacy protection faces opposition under current director Russell Vought, highlighting tensions in consumer data protection.
MBA urges overhaul of mortgage rules in letter to OMB
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.
There's a new enforcement playbook for mortgage lenders
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.
A DOGE aide involved in CFPB cuts owns stock prohibited by ethics laws
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.
How to avoid credit card late fees now that they're back
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.