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.
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.
A federal district court judge said a lapse in funding at the CFPB would make it impossible for the bureau to fulfill its obligations under an existing preliminary injunction.
The District of Columbia Circuit has granted the National Treasury Employees Union’s request for en banc rehearing of its lawsuit against CFPB Acting Director Russell Vought.
Consumers can submit confidential tips to the NCRC related to potential violations of fair lending laws. The information may then be used by the consumer advocate to investigate claims of lending discrimination.
The Mortgage Bankers Association said a federal policy framework for AI will give lenders and technology partners the “certainty” needed to deploy the tech safely and responsibly. It will also limit state regulation.
The new policy requires examiners to read out a statement before conducting company reviews, signaling a shift to more transparent, narrower exams focused on tangible consumer harm.
Sen. Elizabeth Warren, D-MA, though raised concerns about efforts by CFPB Acting Director Russell Vought and the Trump administration to “sideline” the CFPB.