CFPB seeks to rescind guidance on fair lending for noncitizens; OCC floats guidance for bank CRA compliance; CFPB publishes report on BNPL; court reduces payment in CFPB student loan servicer settlement.

CSBS and MISMO said the Mortgage Compliance Dataset will lead to higher quality data while easing costs and freeing up time for lenders and examiners.

Forward Financing and New Mountain Net Lease separately issued their inaugural securitizations. Both deals were oversubscribed.

The appeal follows a 2-1 ruling that would allow the Trump administration to greatly reduce staffing levels and activity at the CFPB.

Several mortgage trade groups expressed support for a proposal from the CFPB to remove the use of disparate-impact liability under the Equal Credit Opportunity Act. Consumer advocates oppose the effort.

The Mortgage Bankers Association said a federal policy framework for AI will give lenders and technology partners the “certainty” needed to deploy the tech safely and responsibly. It will also limit state regulation.

The CFPB plans to issue guidance that will allow mortgage lenders to calculate the average prime offer rate in the event that the bureau runs out of funding.

The National Community Reinvestment Coalition is accepting confidential tips and will investigate fair lending issues.

“[When] we have a different administration, an administration that believes in enforcing the law, an administration that believes in a level playing field, the apparatus is all there to turn [the CFPB] back on,” Warren said.

While both parties agreed that the court’s preliminary injunction is still in effect, the CFPB asked the court not to use the injunction to address questions surrounding the bureau’s funding.