Members of the House Financial Services Committee voiced different views on a proposal for a government-run credit reporting agency that would compete with the three big private players — Equifax, Experian and TransUnion.

Six months after leaving the bureau, former CFPB Director Kathy Kraninger has some advice for companies: Have a process in place for identifying mistakes before the bureau and state examiners do so.

The companies urged the CFPB to state that disparate impact applies to business models that use AI and to clarify when a disparity is large enough to support a claim of discrimination.

Mortgage lender/servicer violations including redlining, compensation based on product type, deceptive waivers and misrepresentations regarding foreclosure timelines were reported.

The trade group believes the CFPB should not take enforcement actions or conduct investigations of nonbanks unless asked to do so by a state regulator.

Supreme Court leaves CDC moratorium intact; compliance expert Oliver joins DFPI; FTC to send refund checks; Burlington agrees to settle charges; West Virginia addresses zombie properties.

In her first interview since leaving office, former CFPB Director Kathy Kraninger touted her policy encouraging responsible business conduct and explained why she focused on supervision rather than enforcement.

Acting Director Uejio said algorithm bias is top of mind when it comes to addressing issues related to racial bias in the housing appraisal process.

A top Republican lawmaker accused the CFPB of pushing out top-level career staff through “unusual and possible unlawful actions.”

The bureau said it will take into account any impact lenders faced regarding loan closings due to the last moment announcement of the Juneteenth holiday.