The annual student loan report published by the CFPB was 15 pages short of the original report written by the bureau’s former student loan ombudsman, Julia Barnard.
SCOTUS won’t hear petition in a discrimination case; Fed initiates enforcement action against a former PrimeLending employee; CFPB will no longer provide HMDA updates via GovDelivery email.
The bureau submitted to Judge Amy Berman Jackson’s decision finding that a lapse in appropriations would violate a preliminary injunction and directing the Trump administration to fund the CFPB.
A November plan to transfer the bureau’s active enforcement actions to the Department of Justice appears to no longer be in the works, according to an industry attorney.
The move clarifies that the Equal Credit Opportunity Act doesn’t prohibit lenders’ consideration of immigration status when evaluating credit applications.
The lender urged the court to dismiss charges under the Real Estate Settlement Procedures Act and state consumer protection laws in a 2024 class-action lawsuit.
Earned wage access products are no longer subject to the Truth in Lending Act’s requirements, if they meet certain terms laid out in the bureau’s new advisory opinion.