The company filed a motion for relief in its lawsuit with the CFPB, after the bureau allegedly pulled out of a deal to vacate civil money penalty applied to CashCall.
Court pauses proceedings in CFPB-NTEU lawsuit; CFPB seeks feedback on changes to mortgage disclosures; the bureau may revisit its credit card late fee regulation.
Lawmakers specifically expressed concerns about the removal of a webpage translation tool that allowed users to access information in Spanish, Chinese, Vietnamese and other languages.
The DC Circuit Court will allow a district court to decide what happens to a preliminary injunction that blocks the Trump administration from laying off staff at the CFPB.
The changes will allow credit reporting agencies to address complaints in a standardized manner, enhance identity protections for both companies and consumers, and align the complaint process to the bureau’s statutory obligations.
The bureau said the guidance conflicted with the amended ECOA Regulation B rule, which among other changes sets strict conditions for lenders to be able to offer special purpose credit programs.
In addition to deleting press releases, testimonies and speeches published before February 2025, the CFPB removed a website translation tool that allowed users to access information in several non-English languages.
Josh Silver, a senior fellow at the National Community Reinvestment Coalition, said more sophisticated data software now available should allow lenders to facilitate data collection.