A decision is expected no later than April 1, regarding a potential preliminary injunction that would prevent future mass terminations.

A series of bills proposed by Republicans in Congress would dramatically change how the CFPB operates.

The October 2023 final rule provided several major updates to the Community Reinvestment Act, but the rule’s implementation has been stalled due to a lawsuit by trade groups representing banks.

California’s new climate-disclosure reporting requirements are set to take effect next year and will change reporting standards for covered entities. The MBA is seeking some changes to the standards.

The American Fintech Council asked Acting CFPB Director Russell Vought to start making changes.

The Supreme Court is considering whether a federal court can certify a class action when some of the class members are uninjured. MBA said the question is timely as class actions from private plaintiffs are expected to increase.

CFPB plans to revoke BNPL rule; Idaho limits mortgage trigger leads; Arkansas updates fair lending law; CFPB won’t enforce small-dollar rule; Congress moves closer to repealing bureau’s overdraft rule.

The judge said the court is “mindful that its order must be sufficiently specific to be enforceable..."

Fannie reported a 3.6% increase in seller repurchases during the fourth quarter, while Freddie volume was essentially flat. For the year, lender buybacks were down 36% from 2023. (Includes three data tables.)

FHFA under the leadership of Bill Pulte has rescinded, deleted or closed at least eight agency directives without providing notice on the agency’s website or announcing the changes in a press release.