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.
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.
Consumer advocates called on HUD to withdraw the proposal, noting that if finalized, it would undermine the agency’s enforcement of the Fair Housing Act’s protections against unlawful discrimination.
Auditors gave the CFPB’s 2025 financial statements a “clean” opinion even though the bureau reported significant financial changes under new leadership.
The White House Council of Economic Advisers determined that since 2011, the CFPB’s regulatory burden has cost consumers between $237 billion and $369 billion. A CFPB booster disputes the analysis.
The GAO detailed all significant events that occurred at the CFPB as part of its reorganization efforts between February and August 2025. The bureau disputed the accuracy of the report.
The Foundation Against Intolerance and Racism claimed that a Washington state special purpose credit program violated a clause of the 14th Amendment by using race-based criteria for eligibility.