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Legal Defeats to CFPB Funding Argument Pile Up

October 5, 2026
Shannon Clark
An Oregon district court judge last month held that the combined earnings of the Federal Reserve refers to the central bank’s revenue before expenses are subtracted.
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Several AI Frameworks Available for Mortgage Industry

October 5, 2026
Shannon Clark
MISMO’s mortgage-specific AI framework isn’t the only option the mortgage industry can use for governance.
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Court Rules Against EPM in Underwriter Overtime Lawsuit

October 5, 2026
Shannon Clark
The complaint, brought by a former underwriter, accuses Equity Prime Mortgage of misclassifying underwriters as exempt from overtime under the Fair Labor Standards Act.
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GAO Finds CFPB’s DOGE Compliance Controls Unclear

October 5, 2026
Shannon Clark
The GAO assessed the extent to which the CFPB implemented controls to ensure that employees of the now-defunct DOGE initiative would adhere to the bureau’s IT security rules.
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State AGs Issue Antidiscrimination Guidance

October 5, 2026
Shannon Clark
The guidance reaffirms that civil rights laws allow state attorneys general to fight intentional and disparate-impact discrimination, despite actions taken by the Trump administration and federal agencies.
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Examiner Sues CFPB Over Race Discrimination

October 5, 2026
Shannon Clark
The bureau is accused of assigning materially less favorable, more complex, and travel-intensive work to Black examiners.
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New Mortgage Fraud Schemes Emerging

October 5, 2026
Shannon Clark
Seller impersonation and synthetic identity are increasing, according to industry experts.
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District Court Continues Chopra-Era CFPB Lawsuit

October 5, 2026
Shannon Clark
StratFS, a debt-relief company at the center of the complaint, allegedly operated a scheme that collected $84 million in illegal fees.
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Other News in Brief

October 5, 2026
Shannon Clark
CSBS launches advisory council; District court rejects CashCall’s arguments to overturn $134 million in restitution owed to the CFPB.
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FHFA’s Shift on VS4 LLPA Grid Prompts Concerns

October 2, 2026
Dennis Hollier
Analysts worry that FHFA’s aggressive policy moves on credit scores are more about saving consumers money than the safety and soundness of the mortgage system.
Read More
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