The appeals court later this month will consider the separation of powers and other arguments raised by the parties involved.

Servicing issues once again took the lead for the most mortgage-related complaints submitted to the CFPB in the first quarter of 2025. (Includes two data tables.)

If passed by the full House and Senate, the CFPB would only have around 30% of its current funding availability.

Moving forward, the bureau will issue guidance only when necessary and if compliance burdens will be reduced.

At one point, the bureau appeared to consider firing only around 648 employees, which would leave the agency with more than 900 employees, according to newly filed internal emails.

According to industry insiders, there is room for state and federal regulators while also supporting the independence of federal agencies.

The move continues a recent pattern of withdrawing the bureau from lawsuits under new leadership at the CFPB.

Several state AGs seeking answers from the CFPB regarding restitution; CFPB won’t prioritize BNPL enforcement; Pennsylvania kickstarts new consumer complaint tools; CSBS wants preemption regulations rescinded; GAO to investigate CFPB activity; CFPB won’t focus on enforcement actions regarding the small-business lending final rule.

McKernan was nominated for CFPB director in February, and it was expected that he would be confirmed as soon as this month.

New artificial intelligence technology provides both promise and complications for the mortgage industry.