National banks are being accused of violating state laws requiring interest payments on escrow accounts and, so far, courts are rejecting their arguments based on federal preemption.

State regulators are open to the idea of eliminating branch licensing requirements given the changing face of technology. But then a lack of licensing revenue could hurt state budgets.

Under the new rule, which will go into effect in October, a licensee’s NMLS number will serve as their only identification number.

Consumer complaints filed with the bureau in the first quarter declined on a sequential basis but was up from same period last year.

The bureau intends to fully exercise its supervisory and enforcement authority now that many financial institutions have developed more robust remote capabilities and demonstrated improved operations.

In what one law firm says will be a prelude to enforcement in the area, the bureau is seeking comments on industry use of AI.

Legal experts are mulling whether the bureau has the authority to do so. Implications.

Several industry and consumer groups believe the CFPB should stick with the July 1 mandatory compliance date for the new QM rules.

The new standards, which include capital requirements and corporate governance, for nonbank residential servicers may be finalized as early as May.

According to industry attorneys, a delay in implementation may provide the bureau an opportunity to propose substantive changes to the rule.