The founders of the Brody Gapp law firm have mortgage-industry backgrounds.

Federal and state regulators are eyeing third-party loan arrangements, with implications for ABS.

A provision in the tax bill — to eliminate the CFPB’s ability to draw funds from the Federal Reserve — must pass the 60-vote threshold, according to the Senate’s rules-keeper.

The Mortgage Bankers Association and the American Bankers Association separately called for the CFPB to keep an anti-evasion exception established during the pandemic to help facilitate loan modifications.

The Senate parliamentarian has advised Republicans that they cannot use the budget reconciliation process to eliminate the CFPB’s funding from the Federal Reserve.

Trade groups representing mortgage companies pressed the CFPB to retain some mortgage servicing standards temporarily established during the pandemic.

CSBS is working on prudential standards for nonbank servicers, a framework for safeguarding sensitive information at nonbanks, and standards to modernize supervision and regulation of money transmitters.

A district court determined that granting a motion to vacate based on the new arguments advanced by the CFPB would “be to undermine the finality of judgments.”

The financial services industry can move forward with open banking efforts even without standards established by the CFPB, according to industry experts.

Some of the bureau’s new enforcement and supervision priorities are lacking alignment, according to former CFPB executives.