Democratic lawmakers have called for the removal of Eric Blankenstein, currently a HUD official, after it was found that he likely abused his authority at the CFPB in dealing with a controversy tied to his racially-charged writings of the past.

The CFPB issued a new set of frequently asked questions on whether lenders should provide loan estimates in particular cases under the integrated mortgage disclosure rule.

The CFPB has extended the comment period for its debt-collection proposal by 30 days and has reopened the comment period for its HMDA threshold proposal until October.

The Conference of State Bank Supervisors in a new white paper encourages nonbank lenders to self-report violations to examiners and build a strong compliance culture.

The former CFPB fair lending chief may have abused his authority in dealing with a controversy tied to his racially charged writings more than a decade ago.

The CFPB will allow the GSE “patch” to expire as scheduled in January 2021. Industry stakeholders demand a transition plan to avoid a disruption in the market.

Equifax agreed to pay up to $700 million to settle federal and state claims regarding its massive 2017 data breach. Consumers can file claims to receive cash reimbursement of up to $20,000 per consumer.

The Government Accountability Office has recommended the CFPB inform the credit reporting agencies its supervisory expectations to help them better comply with the law. Efforts to reform the current credit reporting system continue in Congress.

The CFPB updated its 2016 advisory notice on elder financial abuse. Though the recommendations are voluntary, companies that fail to comply might become targets of enforcement actions, attorneys warned.