A hearing by a subcommittee of the House Financial Services Committee included consideration of 10 bills, some of which would drastically alter the CFPB’s practices.

Terminated federal probationary employees will soon be offered their jobs back if they live or work in Washington, DC or one of the 19 states that sued the Trump administration.

After Rohit Chopra was forced out, the CFPB saw two new leaders in less than one week.

The injunction is in place until the court resolves the lawsuit brought by the NTEU. The Trump administration appealed the order.

Bureau officials who voluntarily resigned recently include Mark McArdle, assistant director of mortgage markets, and Gabriel O’Malley, deputy enforcement director for policy and strategy.

New CFPB leadership said the bureau’s investigation into Townstone was not prompted by any actual harm, but by quota-style statistics.

A decision is expected no later than April 1, regarding a potential preliminary injunction that would prevent future mass terminations.

A series of bills proposed by Republicans in Congress would dramatically change how the CFPB operates.

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.