The Mortgage Bankers Association said the CFPB consumer database should not act as an alternative to leaving reviews on Google, Yelp or the Better Business Bureau.

Chris Willis, a partner at the law firm of Troutman Pepper Locke, said the CFPB is likely to resume investigations into pending enforcement actions.

Industry attorneys see 2025 as a “ramp up period” as certain states look to fill the federal enforcement void.

Consumer advocates said Texas-based developer Colony Ridge’s $68 million proposed settlement with the DOJ and the state’s AG doesn’t provide relief for the harmed consumers.

If enacted as proposed, the rule would impose substantial regulatory requirements onto buy now, pay later providers.

The regulator said the Fair Housing Home Loan Data System regulation was obsolete and largely duplicative of and inconsistent with other data collection regimes.

A paper published by the Federal Reserve found that legal action in fair lending reduced disparities in mortgage application denials and originations between white and Black borrowers.

The CFPB will receive $134 million from CashCall after Supreme Court declines to take up the lender’s petition; bill moves forward in House that would remove the CFPB director’s voting ability on the FDIC board; NYC adopts new debt collection consumer protections.

As of November, only 5% of consumer gripes filed with the CFPB were closed with relief, according to Sen. Elizabeth Warren, D-MA.

The settlement, which didn’t include a civil money penalty or restitution, appeared to reflect the DOJ’s realigned view that Colony Ridge provided a haven for illegal immigrants. The CFPB, which originally filed the complaint with the DOJ, dismissed its claims against Colony Ridge.