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CFPB, HUD Employees Reinstated Then Placed on Leave

March 20, 2025
Shannon Clark
Following a court ruling last week, the CFPB and HUD reinstated hundreds of probationary employees fired by the Trump administration. However, the employees were immediately placed on administrative leave.
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Former Fannie/Freddie Execs Discuss Complexity of GSE Reform

March 20, 2025
Dennis Hollier
Three former CEOs of the GSEs this week debated the impact of federal conservatorship, what steps must be taken to safely end the oversight and what the GSEs should look like afterwards.
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PE Servicer Marlin Mortgage Sued, Calls Charges ‘Baseless’

March 20, 2025
Paul Muolo
A few months back, Marlin Mortgage parted ways with COO Steve Stone. Now, describing himself as a whistleblower, Stone is suing the MSR owner, accusing the firm of a host of questionable moves.
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California Provisionally Approves 22% Insurance Rate Hike

March 20, 2025
James Dohnert
At a public hearing next month, State Farm will have to justify its request to raise home insurance premiums by 22%.
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Grapevine: Interest Rate Outlook; Trump Picks Bowman for Fed Promotion

March 20, 2025
Brandon Ivey
The Federal Reserve this week signaled two interest rate cuts could come this year; Michelle Bowman nominated as Fed supervision chair.
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McKernan’s CFPB Nomination Clears Senate Committee

March 17, 2025
Shannon Clark
Just before the vote, Sen. Elizabeth Warren, D-MA, released the CFPB nominee’s answers to a series of questions regarding the bureau. Warren said his responses were filled with “non-answers that regurgitated the agency’s obligations under the law.”
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CFPB Internal Emails Show Confusion Among Staff

March 17, 2025
Shannon Clark
Several CFPB offices have been authorized to continue working, but the process has been filled with confusion between new bureau leadership and bureau employees.
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House Republicans Move to Toss Out CFPB Overdraft Rule

March 17, 2025
Shannon Clark
The House Financial Services Committee voted 30-19 to pass a Congressional Review Act resolution to reverse a CFPB final rule that will limit overdraft fees charged by large banks and credit unions.
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CFPB Gets More Time to Resolve Credit Card Late Fee Litigation

March 17, 2025
Namrata Bhatia
A Texas federal judge granted the CFPB’s request to stay for 30 days all pending deadlines in the credit card late fee lawsuit as it works with the plaintiffs in the case to resolve the matter.
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Other News in Brief

March 17, 2025
Brandon Ivey
District court denies request from CFPB to pause litigation against Comerica Bank; CFPB drops lawsuit against Zelle; lawsuits involving Military Lending Act moving forward; CFPB stays on case with state AGs; CFSA seeks ruling from Supreme Court on payday loan rule.
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