A mortgage lender is taking on the state of Connecticut over its interpretation of licensing laws, which it claims put it out of business.

The CFPB recently published guidance to address the upcoming change in transitional licenses for mortgage loan originators who move between states or from banks to nonbanks.

A bipartisan coalition of more than two dozen state attorneys general have urged CFPB Director Kathy Kraninger to reconsider the proposed debt collection policy.

The CFPB in a recent amicus brief defended states’ authority to bring parallel claims against financial institutions for unfair, deceptive and abusive acts or practices.

Mortgage redlining continues to be a high priority for the Pennsylvania Attorney General’s office, said a senior deputy to the AG.

As a leader of consumer protections at the state level, New York recently enacted legislation to prevent mortgage scams and impose additional obligations on mortgage servicers.

A dozen Republican state attorneys general asked the Supreme Court to review the challenge to the CFPB’s structure, stating their belief the bureau directorship is unconstitutional.

The Conference of State Bank Supervisors in a new white paper encourages nonbank lenders to self-report violations to examiners and build a strong compliance culture.

The mortgage industry has urged the New York Department of Financial Services not to go beyond the CFPB in terms of regulating mortgage servicers.

State attorneys general and industry groups, in rare alignment, are suggesting the CFPB continue with the current overdraft rule.