A federal district court judge said a lapse in funding at the CFPB would make it impossible for the bureau to fulfill its obligations under an existing preliminary injunction.

The federal regulator is seeking federal preemption of state laws requiring banks to pay interest on funds in mortgage escrow accounts.

CFPB Consumer Advisory Board member Chelsie Evans, executive director of Hawaiian Community Assets, said that for genuine collaboration among the CFPB, lenders and community organizations, “the system must ensure that families do not bear all the risk, while institutions bear none.”

The proposal seeks to narrow the scope of the original rule's data collection requirements.

The FHLB of Chicago's Community Advance product is accepting applications for the new year.

The federal banking regulators opposed Colorado’s attempt to enact a law that would allow the state to make out-of-state banks subject to its interest rate caps when lending to Colorado borrowers.

Members of the CFPB’s Consumer Advisory Board cautioned against the bureau’s shift in fair lending priorities, including the elimination of disparate impact to prove discrimination.

Sen. Elizabeth Warren, D-MA, said it appears banks sold mortgages forgiven under the national mortgage settlement to debt collectors.

Judge Amy Berman Jackson said while the preliminary injunction doesn't contain a provision expressly ordering the bureau to request funds from the Fed, it does set out clear duties that require money to fulfill.

The proposal would make major changes to the Equal Credit Opportunity Act.