The trade group believes the CFPB should not take enforcement actions or conduct investigations of nonbanks unless asked to do so by a state regulator.

Supreme Court leaves CDC moratorium intact; compliance expert Oliver joins DFPI; FTC to send refund checks; Burlington agrees to settle charges; West Virginia addresses zombie properties.

In her first interview since leaving office, former CFPB Director Kathy Kraninger touted her policy encouraging responsible business conduct and explained why she focused on supervision rather than enforcement.

Acting Director Uejio said algorithm bias is top of mind when it comes to addressing issues related to racial bias in the housing appraisal process.

A top Republican lawmaker accused the CFPB of pushing out top-level career staff through “unusual and possible unlawful actions.”

The bureau said it will take into account any impact lenders faced regarding loan closings due to the last moment announcement of the Juneteenth holiday.

The government watchdog said most of the bureau enforcement attorneys and examiners it interviewed did not recall the director’s office or SEFL leadership communicating clear goals for the reorganization after its announcement or during the implementation.

The bureau said it no longer finds “persuasive” the previous CFPB leadership’s belief that Congress had not granted the agency examination authority under the Military Lending Act.

New delinquencies on auto loans and credit cards have risen somewhat since July 2020, but are still below pre-pandemic levels, the CFPB said in a new report.

While Black and Hispanic first-lien borrowers had denial rates of 17.2% and 11.2%, respectively, the rate for non-Hispanic whites and Asians came in at 6.1% and 9.1%, respectively.