The bureau repealed some amendments over concerns that the process for deciding dispositive motions concentrated authority with the director of the bureau.

The Mortgage Bankers Association is concerned that New York’s Community Reinvestment Act plans will place restrictive limits on CRA credit for purchased loans.

While trade groups representing banks are seeking a major overhaul of the current rule, fintechs said the rule preserves the principle that financial data belongs to consumers and not banks.

The Conference of State Bank Supervisors is working on building common standard examination programs for the states to use as federal enforcement activity diminishes.

The emergency law provides borrowers impacted by the January wildfires up to 12 months of mortgage forbearance.

Compliance with the Section 1071 rule will now begin for the first set of financial entities on July 1, 2026.

The Supreme Court’s decision last year in Cantero v. Bank of America is trickling down to lawsuits in lower courts, including a decision in a case about interest on mortgage escrow accounts.

MISMO’s Mortgage Compliance Dataset will ease compliance processes for state regulators and mortgage lenders, according to mortgage industry experts.

Many industry stakeholders are worried the proposal would create consumer protection gaps in the financial sector.

While some industry members are pushing the bureau to raise larger participant thresholds, others worry the reduced oversight will harm consumers.