A top CFPB official has defended the bureau’s proposed payday lending rule on Capitol Hill as state attorneys general weighed in to oppose the proposal, noting it will limit states’ ability to protect consumers.

The government-sponsored enterprise sloughs more reperforming loans and nonperforming loans from its portfolio.

The CFPB is seeking public input on possible changes to the remittance rule, such as raising the exemption threshold.

The institute has called for full public release of multifamily lending data collected for 2018. Meanwhile, the CFPB said it will retire its HMDA explorer tool in the coming months.

The New York Department of Financial Services has created a regulator akin to the CFPB, stepping up statewide consumer financial protection.