A district court dismissed some of the bureau’s claims against Experian, citing expiry of the statute of limitation.

While banking trade groups favor regulators’ proposal to rescind the 2023 CRA final rule, consumer advocacy groups warned the rescission will stunt “much-needed” updates to the CRA framework.

Nevada last month became the second state to adopt a model act that creates specific safe harbors for common mortgage modifications.

CFPB files lawsuit against fintech; CFPB ends investigation into buy now, pay later lender; Caliber enters into $2.3 million settlement.

The ruling by the appeals court allows the Trump administration to proceed with massive layoffs at the bureau. One of the three judges to hear the case dissented, arguing that the courts are shifting power from Congress to the executive branch.

Despite the Trump administration’s efforts to defang the CFPB, securities market participants are wary the regulator still could crack down on malfeasance with a vengeance should political tides turn.

The Trump administration has delayed compliance with the rule until mid-2026 at the earliest and the CFPB is working to revise the Biden-era requirements. Trade groups representing lenders provided plenty of suggestions to reduce burdens from the rule.

The bureau is considering raising the bar for triggering oversight of nonbanks in consumer reporting, consumer debt collection, automobile lending and international money transfers.

CrossCountry Mortgage allegedly paid a North Carolina real estate brokerage $15,000 a month to have all of its clients referred to the lender.

The settlement is tied to practices Cypress engaged in while operating as a direct mortgage servicer under the name Rushmore. Cypress has since rebranded as a master loan servicer.