“The bureau has not fired anyone,” a CFPB spokesperson maintained.

CFPB’s Mick Mulvaney: “Today, after an exhaustive review by outside experts, including a comprehensive ‘white-hat hacking’ effort, we can lift that hold.”

Mulvaney signaled his intention to send more CFPB guidance to elected officials for congressional review.

House Republicans, who previously said the Senate bill didn’t go far enough, said they will have a separate reg relief package to be considered by the Senate.

The House decided to take a vote on the current Senate bill with no amendments and the Senate is expected to consider a separate deregulation package from the House.

Fifth Third Bancorp announced on Monday that it has agreed to buy MB Financial in a transaction valued at approximately $4.7 billion. The combined company will then rank fourth in total deposits and second in retail deposits in Chicago market. It will also have a 20 percent share of middle market relationships in Chicago, ranking it second.

Senate Majority Leader Mitch McConnell, R-KY, announced to take a vote on the nominee for FHA commissioner, Brian Montgomery. Given the other nominations already in the Senate floor queue, the vote is expected to occur sometime in June…

Residential firms looking to sell mortgage servicing rights are in a sweet spot right now. However...

The updated agenda is the CFPB’s first under Mulvaney’s leadership.

Former CFPB Director Richard Cordray challenged PHH’s captive reinsurance program, ruling that any referral of settlement business that involves payments is prohibited under RESPA…