Industry experts offered a series of examples on the best ways to value and verify services prior to payment.

Lisa Rice, president and CEO of the National Fair Housing Alliance, said states’ approach to enforcement is expected “for the long haul.”

The framework provides state examiners with a tool to identify and understand AI at financial entities, assess associated risks and determine when deeper review may be needed.

Former CFPB officials said reform efforts are necessary, but that they should stabilize the bureau and create continuity in its mission, even when there are changes in leadership.

Deed fraud, subject-to financing and rent-to-own properties are among some state regulators’ current concerns.

CFPB revises its toolkit for prospective homebuyers; NCLC adds new board members.

The bill would place the CFPB under the regular appropriations process, limit its authority to define financial practices as abusive and take away its ability to seek monetary relief in certain circumstances.

While industry trade groups expressed support for the proposed changes, consumer advocates said the bill was yet another effort by the Trump administration toward deregulation.

The OIG found that stop-work orders resulted in CFPB personnel temporarily not performing work on enforcement and supervision, while workforce-reduction actions had limited impact on operations.

The OIG said the termination of contracts as part of cost-cutting efforts impacted the CFPB’s consumer complaint database, research, monitoring and regulations division and office of financial education.