Home equity investment activity is growing thanks to ongoing home price appreciation and strong demand from both homeowners and investors in the secondary market. Regulation of the products is currently limited to a handful of states.

While the regulator’s reverse redlining allegations against a defendant were dismissed, a Texas court offered the bureau the option to amend its complaint.

The bank will create a $14 million fund to boost credit access and mortgage services in areas where it allegedly engaged in redlining.

The consent order agreed to by the parties requires Navient to pay $120 million in consumer redress and fines.

CFPB issues FAQs on buy now pay later products; CFPB provides new guidance on overdraft fees; CFPB sues credit card issuer; CFPB fines TD Bank for misreporting consumer information.

The CFPB claimed NewDay lured VA borrowers into cash-out refi mortgages by hiding the true costs of the loans. The lender agreed to a consent order without admitting any wrongdoing, adding that the “outcome highlights an environment of regulatory overreach.”

A Texas district court affirmed the CFPB has authority to issue the upcoming small-business lending data collection rule. The court, however, didn’t express an opinion on the wisdom of the rule.

Groups representing the farm credit industry claim the CFPB’s small-business lending data collection rule is invalid as it was developed by the bureau when it was receiving funds unconstitutionally.

The CFPB is once again seeking to change the venue of the lawsuit after two failed attempts sent the case back to a Texas district court.

The Ninth Circuit in a recent case didn’t abide by the U.S. Supreme Court directive that it apply a nuanced analysis of the Barnett decision when deciding whether the National Bank Act preempts a state law.