In 2025, the CFPB didn’t engage in any fair lending supervisory or enforcement activity; instead, it closed about 180 prior supervisory actions related to fair lending.
HUD is investigating whether Wells Fargo’s special purpose credit program targeting Black homeowners and its commitment to close racial gaps in homeownership violated the Fair Housing Act.
The CFPB argued that a district court properly awarded restitution in a 2020 lawsuit against a defunct student-loan debt-relief telemarketer and its operator.
The settlement will resolve a class action stemming from a March 2023 data breach. California also recently fined Academy $825,000 for the same incident.
California’s new Business and Consumer Services Agency, led by former CFPB Director Rohit Chopra, will crack down on corrupt practices, lift small businesses and assist with state enforcement efforts.
Chris Willis, a partner at the law firm of Troutman Pepper Locke, said any credit risk identified in the new guidance from federal regulators is likely to have already been considered by lenders.
The bureau called discussions with Bilt Technologies a “collaborative process” that has secured redress for consumers harmed by the fintech’s transition to a new bank partnership.
Adam Rust, director of financial services at the Consumer Federation of America, asked consumer advocates to continue fighting for fairness in the financial services industry.
The real estate brokerage agreed to pay $2.25 million and change its marketing to settle a lawsuit brought by the Massachusetts attorney general’s office.