The federal banking regulators opposed Colorado’s attempt to enact a law that would allow the state to make out-of-state banks subject to its interest rate caps when lending to Colorado borrowers.
Members of the CFPB’s Consumer Advisory Board cautioned against the bureau’s shift in fair lending priorities, including the elimination of disparate impact to prove discrimination.
Judge Amy Berman Jackson said while the preliminary injunction doesn't contain a provision expressly ordering the bureau to request funds from the Fed, it does set out clear duties that require money to fulfill.
The District of Columbia Circuit has granted the National Treasury Employees Union’s request for en banc rehearing of its lawsuit against CFPB Acting Director Russell Vought.