A senior official at NYDFS said the state regulator isn’t trying to fit buy now, pay later loans into an outdated regulatory box, but is trying to ensure the framework reflects the product as it actually exists today.

FDIC examiners said most TILA issues involved failure to provide consumers with disclosures. Issues with the Electronic Fund Transfers Act and the Flood Disaster Protection Act were also common.

Mortgage lenders in Massachusetts may be held liable for violating the state’s consumer protection laws if their pre-approval letters contain misrepresentations.

The most frequently raised issues in the CFPB’s fiscal 2025 formal EEO complaints were tied to non-sexual harassment and termination.

State legislators questioned the California Mortgage Bankers Association about its efforts to ensure compliance with the state’s temporary mortgage forbearance act for wildfire victims.

The CFPB had won a $7.9 million civil money penalty against now defunct Nationwide Biweekly Administration. Separately, a Ninth Circuit panel declined to rehear a case involving national preemption.

CFPB sent an ECOA proposal to OMB for review; Vought requests CFPB funding for the third quarter of fiscal 2026; Warren sends new letter to the CFPB regarding zombie mortgages; HUD launches investigation into a Washington SPCP.

Officials at Fannie and Freddie say mortgage fraud remains rare but is growing more sophisticated.

The GSEs have yet to change their guidelines related to borrowers’ holdings of cryptocurrency.

Fannie recently overhauled its quality control requirements, while Freddie made minor changes to underwriting rules.