The bureau said many homeowners reported that their servicers pushed them to take on new, higher-interest loans instead of keeping their existing mortgage.

The rule mandated under the Economic Growth, Regulatory Relief and Consumer Protection Act received approval from groups representing mortgage lenders and consumer advocates. PACE lenders, meanwhile, have concerns.

JPMorgan Chase, Wells Fargo and Bank of America have been accused of failing to protect consumers from fraud on Zelle, a peer-to-peer payment network.

CFPB sues Walmart and Branch Messenger; CFPB report uncovers illegal practices in the student loan market; CFPB sends warning to credit card rewards programs about illegal practices; CSBS proposes changes to mortgage call report.

Though many financial companies have significant concerns about actions by the CFPB, the reforms brought in by the bureau are generally preferred, according to industry stakeholders.

It has been two months since the CFPB’s nonbank repeat offender registry opened for registration, but still confusion remains among entities over whether they fall under the scope of the rule.

One of the nation’s top mortgage lenders wants a federal court to confirm that lenders can’t interfere within independent appraisals, even if they are allegedly discriminatory.

The National Credit Union Administration’s Division of Fair Lending Supervision next year will focus on credit unions that have recently expanded into underserved areas.

The proposed rule would classify data brokers as consumer reporting agencies when they sell certain sensitive consumer information. However, it is doubtful whether the proposal will move forward under Trump.

The final rule is at risk of being overturned by the Congressional Review Act under the incoming Trump administration. Trade groups representing banks have also filed a lawsuit against the final rule.