A CFPB official at a recent industry conference said the bureau is set to resume examinations within weeks. In April, the bureau said it would shift its supervision activities to depository institutions.
The National Treasury Employees Union argued that if the decision of a three-judge panel is allowed to stand, the CFPB will be eliminated, and the impact will not be limited to the bureau.
The Conference of State Bank Supervisors is working on building common standard examination programs for the states to use as federal enforcement activity diminishes.
While market share of small- and mid-sized nonbank lenders grew, there was some leakage at the large nonbank lenders. Large mortgage companies’ market share fell sequentially to 53.8% from 56.1%. (Includes two data tables.)