Protect Borrowers, a consumer advocacy group, alleged that Bilt is causing harm to consumers by mishandling rent payments and disabling access to accounts as it transitions to a new credit card partner.
Industry attorneys said it looks like the full DC Circuit will send the National Treasury Employees Union lawsuit against the CFPB back to the district court, mandating a revision of the preliminary injunction.
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.
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.
The regulator said the Fair Housing Home Loan Data System regulation was obsolete and largely duplicative of and inconsistent with other data collection regimes.