The nonbank lender has faced numerous actions from the CFPB since 2019 for alleged intentional misreporting of HMDA data.

Sutherland Global denies all allegations by the CFPB and said it was not “directly responsible for the reverse mortgage servicing conduct that is subject of the CFPB agreement.”

The CFPB set new implementation dates for its small business lending data reporting rule and the payday lending rule. However, the new deadlines could still face court challenges.

How the bureau delegates on rulemaking has changed in recent years under Rohit Chopra, according to John Tonetti, former senior policy analyst in the Office of Supervision Policy.

The ABA is expecting the CFPB to finalize two rules — one on overdraft fees and another on nonsufficient funds fees — within the next few months.

A new circular expands on previous CFPB actions to protect consumer rights involving contract terms.

The proposed rule is the first of more amendments to the Fair Credit Reporting Act by the bureau, according to industry attorneys.

The CFPB plans to use its authority over credit card providers to apply to buy now, pay later providers. The move could face a legal challenge.

Judge Donald Middlebrooks dismissed all four of the lender’s arguments against a 2023 CFPB lawsuit, moving the trial forward to July.

The preliminary injunction came after a challenge by the U.S. Chamber of Commerce, the American Bankers Association and other trade groups. The ruling could spell trouble for the Biden administration’s fight against so-called “junk fees” in the financial services industry.