CFPB rules are likely to face challenges and the bureau may shift to using enforcement actions as a form of policymaking.

Only four proposed rules are on track to come from the CFPB by May 2025, according to the latest regulatory agenda.

The bureau found increasing instances of inaccurate reporting under the Home Mortgage Disclosure Act. Two lenders also faced fines recently.

Borrowers struggled to access the repayment assistance and loss mitigation they needed during the pandemic, according to the CFPB.

The bureau’s summer edition of Supervisory Highlights provided insight on exams involving auto loan servicing and student loan servicing.

The settlement resolves a new enforcement action against the bank for illegal auto loan activities as well as a 2020 lawsuit.

CFPB fair lending director leaves for Fannie; HUD reaches settlement with Appraisal Foundation; CHLA sends second request to CFPB regarding abusive trigger leads; CFPB affirms TILA credit card requirements.

The nonbank lender has faced numerous actions from the CFPB since 2019 for alleged intentional misreporting of HMDA data.

Sutherland Global denies all allegations by the CFPB and said it was not “directly responsible for the reverse mortgage servicing conduct that is subject of the CFPB agreement.”

The bureau completed 28 fair lending examinations or reviews on banks and nonbanks in 2023, among other activities.