A California district court dismissed certain claims under the Comprehensive Computer Data Access and Fraud Act, finding that the plaintiff lacked standing.

Federal regulators release joint data standards final rule; CSBS names new NMLS ombudsman.

Housing costs are now routinely eating up 40% of household budgets, making the path to homeownership more difficult for individuals under 35 years old.

A number of nonbanks involved in the ABS market have opted for bank charters in recent years. The capital requirements and oversight that come with that status will benefit nonbank ABS, Moody’s said.

The bureau said it rescinded the 2020 advisory opinion because it conflicts with its recently issued ECOA final rule.

Trade groups expressed concern that proposed changes to Rule 15c2-11 of the Securities Exchange Act could accidentally ensnare ABS.

The ratings service said a “selective, disciplined, transaction-specific approach” is why its single-asset/single-borrower portfolio outperforms ratings by other firms.

Tom Feltner, associate director of consumer policy at Americans for Financial Reform, said the changes will have a “chilling effect” on the number of people who are willing to seek help from the bureau on a wide range of issues — not just credit reporting errors.

The nomination comes seven weeks before the anticipated expiration of Acting Director Russell Vought’s time at the bureau.

Industry attorneys said the complaint portal changes improve the CFPB’s complaint process as a whole, while consumer advocates argue the changes discourage consumers from filing complaints.