The ruling by the appeals court allows the Trump administration to proceed with massive layoffs at the bureau. One of the three judges to hear the case dissented, arguing that the courts are shifting power from Congress to the executive branch.

A U.S. district court convened a two-day hearing last week in the National Treasury Employees Union’s lawsuit aimed at stopping an effort by the Trump administration to greatly diminish the CFPB. The judge extended a freeze on contract terminations by the CFPB while contemplating a ruling on a preliminary injunction.

It typically takes the CFPB less than one day to process a consumer’s complaint and send it to the company identified in the complaint. After the Trump administration disrupted operations at the bureau, the average complaint processing time temporarily jumped to six days.

Republicans pressed the head of the CFPB’s Office of Innovation and Competition on the value of work done by the office.

Republican lawmakers in the House and Senate pushed CFPB Director Rohit Chopra to share more information on a data breach at the bureau earlier this year. Members of both parties also urged Chopra to engage more with state-level banking trade groups.

The CFPB’s funding requests in fiscal year 2023 totaled $721.2 million, 96% of its annual funding cap, according to the bureau’s financial report released this month.

Bureau hiring enforcement staff; report says NSF fees down 97%.

The bureau has agreed to pay $6 million to settle a 2018 discrimination lawsuit brought by current and former Black and Hispanic employees.

The now-shuttered Sprout Mortgage, its former CEO and other defendants have agreed to shell out $3.5 million to settle four consolidated class actions brought by former employees of the non-QM lender.

New APOR calculations; regulators help with LIBOR transition; CFPB puts credit reporting agencies on alert; data breach involving former CFPB employee; lender settles with Arizona AG.