CrossCountry Mortgage allegedly paid a North Carolina real estate brokerage $15,000 a month to have all of its clients referred to the lender.

The Bank Policy Institute and others stressed that industry participants shouldn’t have to comply with a rule given that the CFPB plans to substantially revise it.

Amid litigation and disagreements among industry participants over the Section 1033 open banking rule, the CFPB said it will soon issue a revised version of the rule.

The proposed FDIC Board Accountability Act would strip the CFPB director’s voting rights on the Federal Deposit Insurance Corp. board.

The federal banking agencies believe returning to the 1995 CRA regulation is the “the most effective” way to provide certainty regarding CRA requirements.

The final rule would have rescinded procedures that require a state official to notify the bureau when they take action to enforce the Consumer Financial Protection Act.

New Jersey is the latest state to introduce legislation to establish its own version of the Community Reinvestment Act.

The new law addresses foreclosures on “zombie” second mortgages and creates new standards for subordinate mortgage servicers.

Key differences exist between the Equal Credit Opportunity Act’s and the Fair Credit Reporting Act’s adverse action notice requirements.

Other courts could also determine that the CFPB’s withdrawn guidance can still be considered in legal matters, according to attorneys at the law firm of Holland & Knight.