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Class-Action Against Navy Federal Revived by Court

February 23, 2026
Shannon Clark
An appeals court ruled that a lower court denied class allegations in a lawsuit against Navy Federal Credit Union too early on in the case.
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Consumer Advocates Criticize HUD Discriminatory Effects Proposal

February 23, 2026
Shannon Clark
Consumer advocates called on HUD to withdraw the proposal, noting that if finalized, it would undermine the agency’s enforcement of the Fair Housing Act’s protections against unlawful discrimination.
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CFPB Undergoes Major Financial Changes in FY25

February 23, 2026
Shannon Clark
Auditors gave the CFPB’s 2025 financial statements a “clean” opinion even though the bureau reported significant financial changes under new leadership.
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White House Claims CFPB Cost Consumers Up to $369 Billion

February 23, 2026
Shannon Clark
The White House Council of Economic Advisers determined that since 2011, the CFPB’s regulatory burden has cost consumers between $237 billion and $369 billion. A CFPB booster disputes the analysis.
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CFPB Disputes GAO’s Recap of Changes at Bureau

February 23, 2026
Shannon Clark
The GAO detailed all significant events that occurred at the CFPB as part of its reorganization efforts between February and August 2025. The bureau disputed the accuracy of the report.
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District Court in Washington Refuses to Block State SPCP

February 23, 2026
Shannon Clark
The Foundation Against Intolerance and Racism claimed that a Washington state special purpose credit program violated a clause of the 14th Amendment by using race-based criteria for eligibility.
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Other News in Brief

February 23, 2026
Shannon Clark
District court dismisses mortgage discrimination class action; PACE rule will take effect March 1 after court approval; Warren launches inquiry into “anti-consumer practices” in the auto lending industry.
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Rep. Hill Unimpressed by Trump’s GSE ‘IPO’ Plan

February 20, 2026
Dennis Hollier
The White House may face some opposition from its own party if it moves toward major GSE reform without Congress.
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FHFA Eliminates Key Fair Lending/Fair Housing Rule

February 20, 2026
Dennis Hollier
The Federal Housing Finance Agency said other agencies are already responsible for enforcing fair lending and fair housing laws. However, critics argued that the administration has been steadily eviscerating the enforcement arms of those agencies as well.
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FHFA to Improve Nonbank Supervision on GAO Nudge

February 20, 2026
Dennis Hollier
The Government Accountability Office said FHFA can’t accurately gauge the accuracy of the data it uses to monitor nonbanks and overlooks key risks associated with warehouse lending. FHFA agreed to address the issues.
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