As part of the settlement, loanDepot has agreed to undertake extensive appraisal policy changes. The lender also agreed to make payment of an undisclosed sum to the plaintiffs in the lawsuit.

The bureau plans to hire more technologists, issue policy guidance for law firms and provide research on emerging technologies in the coming months.

Trade groups representing depositories are urging the CFPB to drop a proposed rule that will curb overdraft fees charged by large banks.

The bureau is working to understand how video games can become a haven for scams, fraud, financial losses and unanticipated purchases that can deplete a family’s real-world financial assets.

MV Realty argued the CID is outside the CFPB’s jurisdiction because the company does not offer consumer financial products or services.

Lawsuit against CFPB’s credit card rule to stay in Texas; CFPB has no comment on allegations involving UWM, mortgage brokers; the bureau plans to release a credit card comparison shopping tool; ABA and other trade groups urge the CFPB to drop an auto data request; CFPB issues warning on false advertising used in remittance transfers.

More than a handful of motions and briefs have been filed over the last two weeks in the lawsuit challenging the CFPB’s final credit card late fee rule.

The Conference of State Bank Supervisors is moving forward with proposed NMLS reporting requirements for nonbank mortgage companies.

In a boon for the CFPB, a lawsuit has been sent back to a lower court, after the Maine Supreme Court vacated the ruling and determined that the loan wasn’t exempt from TILA requirements under Section 1603(3).

Standard-setting organizations will be able to apply for recognition from the CFPB soon, Director Rohit Chopra said. The move will take the bureau closer to finalizing open banking rules.