FDIC examiners said most TILA issues involved failure to provide consumers with disclosures. Issues with the Electronic Fund Transfers Act and the Flood Disaster Protection Act were also common.
Mortgage lenders in Massachusetts may be held liable for violating the state’s consumer protection laws if their pre-approval letters contain misrepresentations.
State legislators questioned the California Mortgage Bankers Association about its efforts to ensure compliance with the state’s temporary mortgage forbearance act for wildfire victims.
The CFPB had won a $7.9 million civil money penalty against now defunct Nationwide Biweekly Administration. Separately, a Ninth Circuit panel declined to rehear a case involving national preemption.
CFPB sent an ECOA proposal to OMB for review; Vought requests CFPB funding for the third quarter of fiscal 2026; Warren sends new letter to the CFPB regarding zombie mortgages; HUD launches investigation into a Washington SPCP.
A new executive order from President Trump aimed at increasing access to mortgage credit calls for changes to several of the CFPB’s mortgage rules and regulations.
A California district court found that the Trump administration has provided no assurance that it will seek funding from the Fed again for the CFPB, as the end of the second fiscal quarter nears.
The bureau’s draft strategic plan for fiscal year 2026 through fiscal year 2030 included many of the same objectives the agency has already been promoting, such as debanking and deregulation.
The real estate brokerage agreed to pay $2.25 million and change its marketing to settle a lawsuit brought by the Massachusetts attorney general’s office.
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