The October 2023 final rule provided several major updates to the Community Reinvestment Act, but the rule’s implementation has been stalled due to a lawsuit by trade groups representing banks.

California’s new climate-disclosure reporting requirements are set to take effect next year and will change reporting standards for covered entities. The MBA is seeking some changes to the standards.

The American Fintech Council asked Acting CFPB Director Russell Vought to start making changes.

The Supreme Court is considering whether a federal court can certify a class action when some of the class members are uninjured. MBA said the question is timely as class actions from private plaintiffs are expected to increase.

CFPB plans to revoke BNPL rule; Idaho limits mortgage trigger leads; Arkansas updates fair lending law; CFPB won’t enforce small-dollar rule; Congress moves closer to repealing bureau’s overdraft rule.

The judge said the court is “mindful that its order must be sufficiently specific to be enforceable..."

A large money-center bank recently agreed to pay north of six-times the servicing fee for a low-coupon MSR package.

A federal court judge this week extended a temporary order pausing mass layoffs at federal agencies, including at the CFPB and HUD, by five days.

Several consumer protection statutes provide borrowers a private right of action, including the Truth in Lending Act.

The lawsuit covers the Consumer Financial Protection Bureau and the Department of Housing and Urban Development, among other agencies.