A potential slowdown of regulations and actions taken by the CFPB during the second Trump administration could alleviate regulatory pressure on financial service providers.

The Seattle-based bank attributed its decision to exit the mortgage business in part to burdensome CRA requirements. The bank received a “need to improve” CRA rating on its lending to low- and moderate-income borrowers. WaFd said it plans to appeal the rating.

Seth Frotman, general counsel and senior advisor to the director at the CFPB, expressed frustrations with courts for blocking the bureau’s efforts to apply existing laws to address modern and evolving problems.

A new report released by the bureau recommended several actions state regulators can take to “mirror” recent work done by the CFPB.

MBA calls for nonbank registry delay; bureau fines remittance company; bureau sues Draper & Kramer for redlining; Pennsylvania AG sues mortgage brokers over kickback scheme.

Oversight of nonbank mortgage servicers, support for community banks and reinvigoration of federal partnerships are among state regulators’ top priorities.

The enforcement action against Lakeview/Bayview Loan Servicing puts mortgage servicers on notice that they can no longer be lax about cybersecurity compliance.

The lawsuit accuses Vanderbilt Mortgage of originating loans without making a reasonable, good faith determination of the borrower’s ability to repay the loan. The legal action is likely to be re-evaluated under a new CFPB director, according to Sheppard Mullin attorneys.

The Mortgage Firm allegedly engaged in discriminatory lending practices in predominately Black and Hispanic neighborhoods in the Miami-Fort Lauderdale-West Palm Beach metro area.

Two lawsuits and a new White House administration could delay the bureau’s plans to implement the final rule.