Prices are expected to rise for homebuilders, mortgage companies and consumers as the Trump administration implements new tariffs.

The CFPB director nominee detailed plans for the bureau at his Senate confirmation hearing last week.

"Nothing about the current CFPB situation changes the fundamental obligation [of lenders] to collect and report lending data," said Kareem Saleh, CEO of FairPlay.

The largest pending change to the MCR is that it will support implementation of prudential standards.

CFPB Director-nominee Jonathan McKernan at his confirmation hearing promised to perform the statutory functions of the bureau. But he didn’t directly respond to the question of whether he agrees with President Trump’s statement that it’s important to “get rid of” the bureau.

The DOJ in a court filing accused the CFPB employee union of twisting a stop work order at the bureau as being part of a “coordinated campaign” by the Trump administration to eliminate the CFPB.

The bureau has so far dismissed lawsuits against Capital One, Heights Finance, Rocket Homes, Pennsylvania Higher Education Assistance Agency and Vanderbilt Mortgage and Finance.

Senate Democrats are seeking answers from Elon Musk, head of the Department of Government Efficiency, and CFPB Acting Director Russell Vought regarding potential financial conflicts.

Financial entities who fail to comply with the Home Mortgage Disclosure Act’s requirements are at risk of enforcement actions by a future Democratic administration or at the state level.

The Mortgage Bankers Association has some concerns regarding the latest rollout of updates to the mortgage call report.