HUD has offered a job to Eric Blankenstein, a former CFPB official who stirred controversy over his racism-tinged blog posting more than a decade ago. Democrats are concerned about the impact his appointment will have.
The CFPB extended the comment period by three months on its advanced notice of proposed rule-making regarding whether to revise additional HMDA data points added under its 2015 rule.
Mortgage servicers said there was no decrease in state examinations of fair servicing and, in fact, states' new focus is on the disparate-impact theory.
The bureau has turned its attention toward steps needed to address the “GSE patch” along with other changes to its rulemaking activity. But it has not indicated the approach it is considering.
The Ninth Circuit Court has ruled that the CFPB’s structure is constitutional, noting there is no need to re-plow the same ground as the D.C. Circuit has already thoroughly discussed it.
Two banking trade groups have asked the CFPB to decline the credit union industry’s request to delegate oversight authority of credit unions to their prudential regulator.
A top CFPB official has defended the bureau’s proposed payday lending rule on Capitol Hill as state attorneys general weighed in to oppose the proposal, noting it will limit states’ ability to protect consumers.
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