The lawsuit accuses Vanderbilt Mortgage of originating loans without making a reasonable, good faith determination of the borrower’s ability to repay the loan. The legal action is likely to be re-evaluated under a new CFPB director, according to Sheppard Mullin attorneys.

The Mortgage Firm allegedly engaged in discriminatory lending practices in predominately Black and Hispanic neighborhoods in the Miami-Fort Lauderdale-West Palm Beach metro area.

Two lawsuits and a new White House administration could delay the bureau’s plans to implement the final rule.

The two programs have been updated to promote innovation, competition, ethics and transparency.

CFPB takes separate actions against Equifax, Honda Finance, Cash App, Experian and Capital One; CFPB approves first standard-setting body; CFPB plans rulemaking concerning nonbanks; CashCall loses appeal; CFPB plans to update Regulation CC.

Regulators in some states controlled by Democrats are poised to increase their oversight of consumer protection laws as the CFPB’s focus is expected to shift under the incoming Trump administration.

The bureau’s fall regulatory agenda listed December as the date for issuing three final rules among several other items. None of the items has been issued so far.

The state’s proposal to establish Community Reinvestment Act requirements for nonbank mortgage lenders was met with opposition from the Mortgage Bankers Association.

RESPA compliance looks likely to remain a priority for the bureau during the Trump administration.

A Connecticut appeals court affirmed a trial court’s verdict that was in favor of the Connecticut Department of Banking revoking 1st Alliance Lending’s mortgage license.