CFPB rules are likely to face challenges and the bureau may shift to using enforcement actions as a form of policymaking.

Only four proposed rules are on track to come from the CFPB by May 2025, according to the latest regulatory agenda.

The bureau found increasing instances of inaccurate reporting under the Home Mortgage Disclosure Act. Two lenders also faced fines recently.

Borrowers struggled to access the repayment assistance and loss mitigation they needed during the pandemic, according to the CFPB.

The bureau’s summer edition of Supervisory Highlights provided insight on exams involving auto loan servicing and student loan servicing.

The settlement resolves a new enforcement action against the bank for illegal auto loan activities as well as a 2020 lawsuit.

CFPB fair lending director leaves for Fannie; HUD reaches settlement with Appraisal Foundation; CHLA sends second request to CFPB regarding abusive trigger leads; CFPB affirms TILA credit card requirements.

Supporters of the program say the expanded use of second mortgages is a less costly way for homeowners to access their home equity when interest rates are high. But they worry about the pilot’s restrictions.

Two of the new proposed rules are directed at Fannie Mae and Freddie Mac. The other three relate to the Federal Home Loan Banks.

The data release is a critical step in the enterprises’ long-awaited and controversial transition to a new credit score model.