A proposal from the CFPB would limit the bureau's ability to designate nonbanks for supervision.

The proposed rule would create narrower standard the bureau must abide by in order to designate nonbanks for agency supervision.

Even if the Trump administration initiates a massive reduction-in-force at the CFPB, industry attorneys believe the bureau won’t shut entirely and will still be able to do its job.

The regulatory agenda included plans to re-propose several previously issued agency rules.

The bureau is seeking input on the proper understanding of who can serve as a “representative” making a request on behalf of the consumer and the optimal approach to the assessment of fees to defray the costs incurred in responding to a customer-driven request.

The Ninth Circuit Court of Appeals vacated a lower court’s dismissal and held that Unison’s equity-sharing agreement meets the definition of a reverse mortgage under the Washington Reverse Mortgage Act.

A district court dismissed some of the bureau’s claims against Experian, citing expiry of the statute of limitation.

While banking trade groups favor regulators’ proposal to rescind the 2023 CRA final rule, consumer advocacy groups warned the rescission will stunt “much-needed” updates to the CRA framework.

Nevada last month became the second state to adopt a model act that creates specific safe harbors for common mortgage modifications.

CFPB files lawsuit against fintech; CFPB ends investigation into buy now, pay later lender; Caliber enters into $2.3 million settlement.