HUD said its prior assertion that the disparate-impact regulations provided “clarity and predictability” is diminished following the Supreme Court decision overruling the Chevron framework.
The New York Department of Financial Services adopted a new regulation to implement a 2021 law extending the state’s Community Reinvestment Act requirements to nonbanks.
The bureau submitted to Judge Amy Berman Jackson’s decision finding that a lapse in appropriations would violate a preliminary injunction and directing the Trump administration to fund the CFPB.
A November plan to transfer the bureau’s active enforcement actions to the Department of Justice appears to no longer be in the works, according to an industry attorney.
The move clarifies that the Equal Credit Opportunity Act doesn’t prohibit lenders’ consideration of immigration status when evaluating credit applications.
In CFPB’s first semi-annual report released under the Trump administration, Acting Director Russell Vought included comments throughout the report disapproving of prior agency actions.
The lender urged the court to dismiss charges under the Real Estate Settlement Procedures Act and state consumer protection laws in a 2024 class-action lawsuit.