The ABS backed by advances to international students studying in the U.S. could come under pressure due to any changes in immigration and employment policies.
Mortgage lenders can expect to see credit score decreases, higher debt-to-income ratios and potentially fewer loan applications due to the resumption of student loan collections.
Two operators of peer-to-peer lending platforms, Block and Early Warning Services, saw an unusual surge in consumer complaints filed with the CFPB during the first quarter. (Includes two data tables.)
The bureau intends to focus on “actual fraud,” where there are identifiable victims with measurable damages as opposed to matters based on the bureau’s perception that consumers made “wrong” choices.
The Trump administration’s planned reduction-in-force would terminate more than 1,400 employees at the bureau, reducing the agency’s workforce to around 200 employees.