While industry trade groups expressed support for the proposed changes, consumer advocates said the bill was yet another effort by the Trump administration toward deregulation.

The OIG found that stop-work orders resulted in CFPB personnel temporarily not performing work on enforcement and supervision, while workforce-reduction actions had limited impact on operations.

The OIG said the termination of contracts as part of cost-cutting efforts impacted the CFPB’s consumer complaint database, research, monitoring and regulations division and office of financial education.

Zillow, Veterans United Home Loans, Veterans United Realty and Bright Financial Group are facing allegations of RESPA violations.

The settlement will resolve a class action stemming from a March 2023 data breach. California also recently fined Academy $825,000 for the same incident.

The consumer advocacy group wants state financial regulators to create dedicated offices of supervision policy to fill gaps in federal oversight.

The rescission follows the CFPB’s recently finalized amendments to Regulation B, and the withdrawal of other federal guidance on special purpose credit programs.

Better Markets hires former CFPB senior counsel; CFPB gets more time on funding argument; CashCall seeks order for CFPB records.

Frustrated with FICO and the big three credit reporting bureaus, the FHFA director abruptly ushered in the era of two competing credit scores.

Jon Oksenholt’s plan would create a parent company that would own the GSEs and Common Securitization Services but allow them to keep their charters and operate independently.