The CFPB published new frequently asked questions on the disclosure and treatment of lender credits under the TILA-RESPA Integrated Disclosure rule.

CRA proposal comment period extended; enforcement against brokers charging high interest rates; CFPB advisory committee meetings; New York mortgage-related complaints; new servicing requirements.

During a congressional oversight hearing, House Financial Services Committee members grilled CFPB Director Kathy Kraninger on the bureau’s interpretation of the abusiveness standard, plans to reform the qualified-mortgage rule and the controversial RESPA bulletin.

The consumer watchdog hiked its budget for 2020, taking its spending to levels last seen in 2017.

Two top Democrats on the Senate Banking Committee are pressing for the immediate suspension of a newly-formed task force on federal consumer law.

The bureau has released three surveys as part of its review of the integrated mortgage disclosure rule. According to comments received so far, the industry seeks clarity in the rule’s timing requirements.

Legislation was introduced in the House to prohibit credit bureaus from creating and selling trigger leads. Brokers support the bill.

The CFPB late January sued Citizens Bank for alleged credit card errors. The lawsuit raises questions about consistency in the bureau’s enforcement strategy under its current leadership.

Before a district court in New York, the CFPB argued that its funding source, which falls outside the appropriations process, is constitutional. The case stems from a dispute arising out of a civil investigative demand.

Fitch Ratings raised concerns about the CFPB’s plan to move away from the debt-to-income ratio in defining a qualified mortgage. It believes the DTI ratio is a better predictor of borrower default risk.