As part of its ongoing “deregulatory agenda,” the CFPB said it is focused on reconsidering the Section 1071 and Section 1033 final rules and potentially pursuing a rulemaking under ECOA.

Adam Rust, director of financial services at the Consumer Federation of America, asked consumer advocates to continue fighting for fairness in the financial services industry.

A California district court upheld a plaintiff’s California Consumer Privacy Act claim against PHH Mortgage for sharing his personal information without his consent.

Industry trade groups representing banks asked the CFPB to reduce burdens associated with a survey tracking terms of credit card plans.

CFPB moves Section 1071 proposal forward; CFPB is looking to hire attorneys; FDIC appoints former CFPB official; DOJ dismissing reverse redlining lawsuit.

The Federal Home Loan Bank trade group supports President Trump’s executive order on improving access to mortgage credit.

Fannie Mae belatedly joined Freddie Mac in establishing ground rules for seller/servicers that deploy or manage artificial intelligence or machine learning tools while doing business with the enterprise.

Fannie Mae extended duration by shifting from short- to long-term debt, but allowed overall debt to grow. Freddie de-levered by cutting short-term debt without adding to long-term debt.

Since 2016, when the duty-to-serve rule compelled the GSEs to make it easier to buy homes in rural census tracts, home prices have remained mostly stable and rents have declined.

Servicers will now have some leeway in how they execute flex loan modifications.