The final rule is essential in helping to reduce risks of discrimination in automated-valuation models used in the mortgage market, according to CFPB Director Rohit Chopra and Deputy Director Zixta Martinez.

Industry attorneys said it’s unclear what the CFPB might do about auto purchases that include negative equity from a prior vehicle, given the bureau’s lack of jurisdiction over auto dealers.

The CFPB set new implementation dates for its small business lending data reporting rule and the payday lending rule. However, the new deadlines could still face court challenges.

A district court’s order focused on RESPA violations following a loan default.

How the bureau delegates on rulemaking has changed in recent years under Rohit Chopra, according to John Tonetti, former senior policy analyst in the Office of Supervision Policy.

Supreme Court strikes down Chevron deference; Fifth Circuit denies CFPB’s attempt to transfer venue; Alabama Supreme Court upholds borrower payments during foreclosure trials; CFPB resolves a 2023 lawsuit involving attempts to avoid payment of fines; Supreme Court rules in on use of administrative proceedings.

Senate Republicans last week introduced legislation that would require the CFPB’s funding to be subject to the appropriations process in Congress.

The CFPB plans to finalize its personal financial data rights rule this October, Director Rohit Chopra informed lawmakers on Capitol Hill last week. He also highlighted the need for more oversight of technology companies.

The ABA is expecting the CFPB to finalize two rules — one on overdraft fees and another on nonsufficient funds fees — within the next few months.

Pete Mills, a senior vice president at the Mortgage Bankers Association, said the registry is an “unnecessary and redundant move.” The final rule requires nonbanks to report to the CFPB any government or court orders penalizing them for violations of consumer protection laws.