House passes budget bill that would slash CFPB funding cap; CFPB sharply reduces consent order fine; CFPB moving forward with ICBA testing for revised loan disclosures; FTA defends open banking rule.

State regulators are looking to reduce regulatory burdens by partnering with the private sector to use technology and improve supervision efficiency.

The federal government should put an emphasis on building affordable housing with resilient materials that can withstand natural disasters, according to Rep. Mike Flood, R-NE.

The trade group said amendments to existing regulations, not just the elimination of certain regulations as a whole, are another form of deregulation.

The move will have an impact on current mortgage servicing operations, according to industry attorneys.

The federal deficit is putting upward pressure on mortgage rates. Meanwhile, HUD is working to allow new housing to be built on federal land.

An extra 4 million homes are needed to bring the housing market back into balance, according to Realtor.com.

The rule offered temporary amendments under Regulation X to borrowers affected by a COVID-19-related hardship.

Investors are showing a greater interest in ABS this month, following a rocky April. The recent softer tone taken by President Trump on tariffs seems like the reason.

The Trump administration last week nominated Jonathan McKernan — who was awaiting Senate confirmation as CFPB director — as undersecretary of domestic finance at the Department of the Treasury.