According to industry attorneys, the updated rule signals that the CFPB will “increasingly encourage, and perhaps pressure, nonbanks to consent to be supervised.”

Mark McArdle, assistant director of mortgage markets at the CFPB, discussed some of the bureau’s top priorities during a recent webinar.

Measures to protect consumers from violations of FDCPA and FCRA involving medical and rent collections are underway.

Republicans and Democrats remain divided over whether the CFPB’s current spending and funding are constitutional.

Changes to the state’s Community Reinvestment Act would further protect against discriminatory appraisals, according to the CFPB.

The two jurisdictions are continuing their partnership to share information about consumer financial protection issues and regulations.

Judge in credit card lawsuit can continue; Republicans warn the bureau against rulemaking to limit arbitration; California tech school banned from lending.

A proposal from Freddie Mac to acquire second liens prompted immediate reactions. The GSE rebuts claims that its plan represents “mission creep” or that it would interfere with the existing securitization market for closed-end seconds.

Republicans on the Senate Banking Committee confronted FHFA Director Sandra Thompson about title insurance waivers and DPA “slush funds” at the GSEs.

Lenders say any information sharing should respect the confidentiality of nonbanks and their customers.