Consumer complaints filed with the CFPB increased across all categories during the first quarter. Issues with student loans were up 34.1% from the fourth quarter. (Includes two data tables.)
The Trump administration is seeking reinstatement of a preliminary injunction issued in April 2025, which allowed the CFPB to terminate employees but under certain circumstances.
The new standards for fair lending enforcement are set to take effect in July. Industry attorneys have warned that the changes to ECOA regulations don’t signal the end of fair lending risk for lenders.
The final rule raises loan origination thresholds and excludes certain financial entities from its reporting requirements. Compliance with the rule will begin in 2028.
There will be detrimental consequences for borrowers and mortgage investors if the CFPB goes through with changes suggested by President Trump, according to a recent analysis.
The National Treasury Employees Union said the DC District Court should take up the review of the Trump administration’s revised layoff plan for the CFPB. However, the union said it opposes the administration’s 45-day timeline for the review.
With the Trump administration working under CRA requirements set in 1995, fair housing advocates asked states to step up and implement their own CRA laws.