Ahead of the vote, Sen. Elizabeth Warren, D-MA, ranking member of the banking committee, released Johnson’s responses to her Questions for the Record following his nomination hearing in July.

The House Financial Services Committee also advanced a bill aimed at reforming the CFPB’s civil investigative demand process.

An appeals court found that a FedEx service, which Rocket Mortgage used to serve its complaint and summons, failed to comply with civil rules governing service of process.

Industry experts offered a series of examples on the best ways to value and verify services prior to payment.

Lisa Rice, president and CEO of the National Fair Housing Alliance, said states’ approach to enforcement is expected “for the long haul.”

The framework provides state examiners with a tool to identify and understand AI at financial entities, assess associated risks and determine when deeper review may be needed.

Former CFPB officials said reform efforts are necessary, but that they should stabilize the bureau and create continuity in its mission, even when there are changes in leadership.

Deed fraud, subject-to financing and rent-to-own properties are among some state regulators’ current concerns.

CFPB revises its toolkit for prospective homebuyers; NCLC adds new board members.

The bill would place the CFPB under the regular appropriations process, limit its authority to define financial practices as abusive and take away its ability to seek monetary relief in certain circumstances.