The bureau’s new interpretive rule could call into question the legality of state laws that aim to ban medical debt and other information from credit reports.
The bureau repealed some amendments over concerns that the process for deciding dispositive motions concentrated authority with the director of the bureau.
CFPB ends TransUnion’s consent order early; federal court pauses compliance with Section 1033 rule; CSBS releases latest version of the Mortgage Call Report; MISMO is accepting comments on the Mortgage Compliance Dataset Version 2.0; court declines to pause CFPB’s PACE financing rulemaking.
The Trump administration argued that a majority panel of the court correctly concluded the National Treasury Employees Union cannot bring an Administrative Procedure Act claim challenging an “entirely nonbinding” purported decision to close the CFPB.