Treasury Secretary Scott Bessent confirmed industry speculation that President Trump directed the GSEs to purchase $200 billion in MBS to offset Federal Reserve policy.
CFPB Acting Director Russell Vought noted his disagreement with the court’s opinion in his funding request to the Fed. Vought’s time at the bureau is on the clock under the Federal Vacancies Reform Act.
HUD said its prior assertion that the disparate-impact regulations provided “clarity and predictability” is diminished following the Supreme Court decision overruling the Chevron framework.
The New York Department of Financial Services adopted a new regulation to implement a 2021 law extending the state’s Community Reinvestment Act requirements to nonbanks.
A federal district court judge said a lapse in funding at the CFPB would make it impossible for the bureau to fulfill its obligations under an existing preliminary injunction.