In a court filing last week, the administration offered a revised plan to lay off nearly 53% of the bureau’s current staff, downsizing the agency from 1,174 employees to 556.
A new executive order from President Trump aimed at increasing access to mortgage credit calls for changes to several of the CFPB’s mortgage rules and regulations.
A California district court found that the Trump administration has provided no assurance that it will seek funding from the Fed again for the CFPB, as the end of the second fiscal quarter nears.
The bureau’s draft strategic plan for fiscal year 2026 through fiscal year 2030 included many of the same objectives the agency has already been promoting, such as debanking and deregulation.
A new executive order directs federal agencies to consider changing several major mortgage regulations in part to increase mortgage lending by smaller banks. Consumer advocates raised alarms.
Industry attorneys said it looks like the full DC Circuit will send the National Treasury Employees Union lawsuit against the CFPB back to the district court, mandating a revision of the preliminary injunction.