"An 88% operating margin and a compound annual growth rate of 100% in per-score pricing over five years are not hallmarks of a competitive market," said Sen. Josh Hawley, R-MO.

Rep. Maxine Waters, D-CA, the ranking member of the House Financial Services Committee, called on Democrats in the House to seek a conference committee process for H.R. 6644, the 21st Century ROAD to Housing Act.

The bureau said its strategic goals were shaped by and are in alignment with President Trump’s “economic strategy and management agenda.”

Changing priorities from the White House have put talks on ending the GSE conservatorship on the back burner.

“We welcome regulators’ efforts to enable banks of all sizes to make more loans to American businesses and households, fueling economic growth while maintaining resilience in the banking system,” said trade groups representing banks.

The seasonally-adjusted annual rate of sales of new homes dropped 17.6% on a monthly basis in January.

One of the goals of the proposals is to help banks better compete with nonbanks.

The National Consumer Law Center predicted that implementing the mortgage-focused order will “re-ignite the market conditions” that led to the financial crisis of 2008.

Among other actions, the order calls for the CFPB to revise major mortgage regulation, such as the ability-to-repay and servicing rules.

The Federal Deposit Insurance Corp. has announced a board meeting for March 19 to discuss two proposals to adjust capital requirements for banks.