The Seattle-based bank attributed its decision to exit the mortgage business in part to burdensome CRA requirements. The bank received a “need to improve” CRA rating on its lending to low- and moderate-income borrowers. WaFd said it plans to appeal the rating.

Seth Frotman, general counsel and senior advisor to the director at the CFPB, expressed frustrations with courts for blocking the bureau’s efforts to apply existing laws to address modern and evolving problems.

A new report released by the bureau recommended several actions state regulators can take to “mirror” recent work done by the CFPB.

MBA calls for nonbank registry delay; bureau fines remittance company; bureau sues Draper & Kramer for redlining; Pennsylvania AG sues mortgage brokers over kickback scheme.

In his departure letter, Chopra said he knows the CFPB is "ready to work" with President Trump.

As natural disasters are becoming increasingly devasting, homeowners insurance is struggling to keep up.

The Trump administration’s failure to name acting directors for key federal agencies leaves them either under the control of Biden appointees or without a presidentially appointed leader.

The House Financial Services Committee is now led by Rep. French Hill, R-AR, who is considered a staunch supporter of the legislation.

The trade group asks that compliance deadlines for the bureau's nonbank registry rule be postponed for at least 60 days.

The settlement comes after the Supreme Court refused to hear a case in which the Third Circuit found that NCSLT were a “covered person” under the Dodd-Frank Act and subject to the CFPB’s oversight.