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Inside the CFPB
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CFPB’s 2023 RESPA Guidance Remains in Effect

September 29, 2025
Shannon Clark
Some guidance documents tied to the Real Estate Settlement Procedures Act were not among the dozens of guidance documents withdrawn by the CFPB earlier this year.
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Other News in Brief

September 29, 2025
Shannon Clark and Brandon Ivey
CFPB proposal on ECOA being reviewed by OMB; NTEU drops one lawsuit against CFPB; ABA asks federal agencies to make sure OCC upholds a national bank preemption standard.
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LO Comp Rule Compliance Crucial in Spite of CFPB Pullback

September 15, 2025
Shannon Clark
The CFPB’s potential rescission of the LO compensation rule won’t fully exempt mortgage companies from the rule’s requirements, according to an industry attorney.
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CFPB Prepares Staff for More Layoffs

September 15, 2025
Shannon Clark
The potential staff cuts are tied to the bureau’s reduced funding for fiscal year 2025, which takes effect Oct. 1.
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Lender Urges SCOTUS to Hear Disparate-Impact Case

September 15, 2025
Shannon Clark
Emigrant Mortgage has asked the high court to weigh in on three questions that divided a lower court.
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New York Reproposes State CRA Rule for Nonbanks

September 15, 2025
Shannon Clark
The New York Department of Financial Services’ revised proposal doesn’t include any of the substantial changes sought by mortgage industry stakeholders.
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FDIC Cuts Disparate-Impact Analysis From Exam Manual

September 15, 2025
Shannon Clark
Changes to the examination manual were made to align with an executive order from President Trump.
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SPS Loses Bid to Dismiss Lawsuit on Loan Payment Practices

September 15, 2025
Shannon Clark
Select Portfolio Servicing allegedly charged borrowers up to $15 in fees to make a mortgage payment online or by phone when its actual cost of processing was less than 50 cents per transaction.
Read More

Changes May be Coming to Illinois Mortgage Foreclosures

September 15, 2025
Shannon Clark
While the state has traditionally viewed mortgage foreclosures to be subject to a 10-year statute of limitations, mortgage borrowers are challenging that viewpoint.
Read More

MBA Seeks Federal Preemption on Data Privacy

September 15, 2025
Shannon Clark
The trade group said a federal standard that preempts state data privacy laws would set clearer expectations for the industry.
Read More
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