MBA said the action to “remove the most detrimental aspects of the bill” was in response to an advocacy campaign...

A controversial bill that would have included an explicit consideration of race and ethnicity in performance evaluations has been dramatically altered. Trade associations representing lenders are taking the credit.

The CFPB plans to launch dedicated units within its supervision and enforcement division to enhance detection of repeat offenders and to better hold them accountable.

The argument comes in an amicus brief submitted by the bureau in a class-action lawsuit against Wells Fargo for its mortgage servicing practices.

The Foreclosure Abuse Prevention Act, if passed, would mean a servicer’s voluntarily halting of foreclosure litigation wouldn’t cancel the loan’s “acceleration.”

The bureau is keeping an eye out for companies that don’t provide meaningful responses to consumer complaints.

A federal appeals court remanded the case to a district court to first determine which counts of a CFPB complaint against Ocwen are barred by the 2014 consent judgment between the two parties.

Trade associations for banks and nonbank lenders, as well as consumer advocates, pressed for much more regulation of the emerging buy now, pay later sector.

The “discussion draft” from Rep. Maxine Waters, D-CA, seeks to establish a federal valuation agency, which would take over The Appraisal Foundation’s role in setting valuation standards and appraiser criteria.

CFPB sanctions Edfinancial; proposed rule on human trafficking and credit reporting; CFPB could play a role in digital U.S. dollars; FDIC seeks comments on bank mergers; FDIC supervisory highlights; bill would broaden CFPB’s small business oversight; medical debt; OMWI report; payday loans.