Sheila Oliver, deputy commissioner at the California Department of Financial Protection and Innovation, advised mortgage companies to have strong monitoring systems to verify per diem interest after loan closing and detect any adverse events impacting their systems.

At a House hearing on fraud, Democrats argued that the CFPB is essential to fighting fraud, but needs support. Republicans largely ignored the arguments.

An Ohio appeals court ruled that a lower court erred in granting Rocket Mortgage summary judgment in an employee discrimination lawsuit.

Protect Borrowers, a consumer advocacy group, alleged that Bilt is causing harm to consumers by mishandling rent payments and disabling access to accounts as it transitions to a new credit card partner.

Bill aimed at making changes to the Gramm-Leach-Bliley Act; Sen. Elizabeth Warren, D-MA, seeks more information from the largest auto lenders.

Industry attorneys said it looks like the full DC Circuit will send the National Treasury Employees Union lawsuit against the CFPB back to the district court, mandating a revision of the preliminary injunction.

The Mortgage Bankers Association said the CFPB consumer database should not act as an alternative to leaving reviews on Google, Yelp or the Better Business Bureau.

Chris Willis, a partner at the law firm of Troutman Pepper Locke, said the CFPB is likely to resume investigations into pending enforcement actions.

Industry attorneys see 2025 as a “ramp up period” as certain states look to fill the federal enforcement void.

Consumer advocates said Texas-based developer Colony Ridge’s $68 million proposed settlement with the DOJ and the state’s AG doesn’t provide relief for the harmed consumers.