Members of a CFPB task force established during the first Trump administration are asking the bureau to consider implementing several of their recommendations tied to closing costs, internal reorganization and the bureau’s overall structure.
The CFPB said certain questions concerning barrier analysis, special emphasis programs and workforce demographics were contrary to President Trump’s executive orders.
Trump accounts were established by the One Big Beautiful Bill Act in 2025, and are set to launch this year. The accounts have tax benefits for children, and include a $1,000 contribution from the federal government for kids born between 2025 and 2028.
CFPB appeals its funding argument to the Ninth Circuit; CFPB leadership planning to direct staff to return to office; Senate Republicans block efforts by Democrats to roll back some of the Trump administration’s CFPB changes.
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.
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