The American Financial Services Association defended its members following a report from the Center for Responsible Lending that criticized “high-cost installment loans.”

The CFPB alleges Active Network, used by community groups to plan events, tricked consumers into signing up for annual memberships by manipulating them.

The Mortgage Bankers Association, alongside national bank trade groups and local mortgage industry groups, sent a comment letter to a DC councilmember requesting the bill be shelved.

In a recent RFI, the CFPB suggested that the development of automatic mortgage refinances could help borrowers.

The request for information drew responses from a handful of labor unions and employer trade groups from a variety of industries.

CSBS names new policy and supervision chief; CFPB studies student banking; bureau sues remittances firm; DOJ settles discrimination claims with bank; Regulation F MVNs are optional; bureau states clearly false data don’t belong on credit reports.

CSBS hopes to avoid a repetition of NMLS license renewal issues that plagued mortgage loan originators last year.

A judge held that the CFPB’s 2020 Home Mortgage Disclosure Act rule that introduced a higher loan-volume reporting threshold was in part arbitrary and capricious.

The lawsuit claims the CFPB overstepped its authority when revising its supervisory exam manual to consider discrimination an unfair, deceptive or abusive act or practice.

The Second Circuit ruled that a New York law requiring banks to pay interest on mortgage escrow accounts was pre-empted by the National Bank Act.