Sen. Elizabeth Warren, D-MA, said there’s a possibility that Congress will use the Congressional Review Act to overturn the proposal if it’s finalized.

Impairments on unsecured consumer loans increased the most in Washington, DC, Maryland, and Virginia during October, with borrowers impacted by the partial shutdown of the federal government.

The auto parts maker removed and replaced its independent directors just before it filed for Chapter 11 bankruptcy, a move that is being challenged in court.

Several of the nation’s largest banks were among the banks notified by SitusAMC that their client data may have been improperly accessed.

The administration had unilaterally moved to severely limit operations at the Community Development Financial Institutions Fund.

The proposal also aims to limit activity under special purpose credit programs.

In recent court filings, the CFPB cited a memo from the Department of Justice that said the Federal Reserve currently lacks “combined earnings” from which the bureau can draw.

The nomination of Stuart Levenbach is just a tactic to extend CFPB Acting Director Russell Vought’s tenure at the agency, according to a bureau spokesperson.

The proposed changes would eliminate the use of disparate impact under the Equal Credit Opportunity Act and restrict conditions for creditors to offer special purpose credit programs.

The new Section 1071 proposal would raise the covered loan origination threshold and exclude certain loans from coverage.