The enforcement action against Lakeview/Bayview Loan Servicing puts mortgage servicers on notice that they can no longer be lax about cybersecurity compliance.

The lawsuit accuses Vanderbilt Mortgage of originating loans without making a reasonable, good faith determination of the borrower’s ability to repay the loan. The legal action is likely to be re-evaluated under a new CFPB director, according to Sheppard Mullin attorneys.

The Mortgage Firm allegedly engaged in discriminatory lending practices in predominately Black and Hispanic neighborhoods in the Miami-Fort Lauderdale-West Palm Beach metro area.

Two lawsuits and a new White House administration could delay the bureau’s plans to implement the final rule.

The two programs have been updated to promote innovation, competition, ethics and transparency.

CFPB takes separate actions against Equifax, Honda Finance, Cash App, Experian and Capital One; CFPB approves first standard-setting body; CFPB plans rulemaking concerning nonbanks; CashCall loses appeal; CFPB plans to update Regulation CC.

The state’s anti-discrimination law is the first of its kind and will go into effect in 2026.

The deal differs from other fiber ABS in that it’s backed by enterprise fiber instead of retail or bulk fiber networks.

Bank regulators run by Trump-appointed leaders could move to issue a revised proposal on capital requirements for large banks, according to FDIC Vice Chairman Travis Hill.

The regulator said in an amicus brief Wednesday that home equity investments can be considered credit and subject to Truth in Lending Act requirements.