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Inside the CFPB
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State Regulatory Body Supports NMLS Call Report Grace Period

December 22, 2025
Shannon Clark
The organization that represents state mortgage regulators supports a request from the MBA for a grace period for initial filing of Mortgage Call Report Version 7.
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CFPB Urged to Eliminate Payday Lending Rule

December 22, 2025
Shannon Clark
Although the bureau isn’t enforcing its payday lending rule, members of the small-dollar lending industry said the rule is still limiting customers’ “payment flexibility.”
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CFPB Targeting Debanking; NCUA Shifts on Fair Lending

December 22, 2025
Shannon Clark
The CFPB will focus on debanking in 2026, while the NCUA shifted how it will evaluate potential discrimination under fair lending laws.
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Industry, Consumer Groups Disagree on Section 1071 Changes

December 22, 2025
Shannon Clark
Trade groups and consumer advocates go different ways in their feedback on proposed changes to data collection on small-business lending.
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Other News in Brief

December 22, 2025
Shannon Clark
CFPB seeks to rescind guidance on fair lending for noncitizens; OCC floats guidance for bank CRA compliance; CFPB publishes report on BNPL; court reduces payment in CFPB student loan servicer settlement.
Read More

NTEU, Trump Admin Split on Breadth of March Injunction

December 8, 2025
Shannon Clark
While both parties agreed that the court’s preliminary injunction is still in effect, the CFPB asked the court not to use the injunction to address questions surrounding the bureau’s funding.
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Consumer Advocates Challenge Trump Admin on CFPB Funding

December 8, 2025
Shannon Clark
CFPB Acting Director Russell Vought is required by the Dodd-Frank Act to determine the amount of funding “reasonably necessary” to carry out the bureau’s responsibilities, according to consumer advocacy groups.
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CFPB Institutes ‘Humility Pledge’ Reading Before Exams

December 8, 2025
Shannon Clark
The new policy requires examiners to read out a statement before conducting company reviews, signaling a shift to more transparent, narrower exams focused on tangible consumer harm.
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Warren Confident CFPB Won’t Be Completely Eliminated

December 8, 2025
Shannon Clark
Sen. Elizabeth Warren, D-MA, though raised concerns about efforts by CFPB Acting Director Russell Vought and the Trump administration to “sideline” the CFPB.
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Appeals Court Rules New York FAPA Applies Retroactively

December 8, 2025
Shannon Clark
The court determined that when used retroactively, the new state foreclosure-protection law in New York doesn’t interfere with mortgage lenders’ due process rights.
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