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.

The CFPB preserved several mortgage-related policy documents, as it undergoes a review of all previously issued guidance items under new leadership.

State regulators, smaller banks and credit unions all oppose a potential move by the Trump administration to consolidate federal bank regulatory agencies.

President Trump plans to nominate Jonathan McKernan as undersecretary of domestic finance at the Department of the Treasury. The news comes as a surprise as McKernan was slated to be the next director of the CFPB.

The appeals court later this month will consider the separation of powers and other arguments raised by the parties involved.

Servicing issues once again took the lead for the most mortgage-related complaints submitted to the CFPB in the first quarter of 2025. (Includes two data tables.)

If passed by the full House and Senate, the CFPB would only have around 30% of its current funding availability.

Moving forward, the bureau will issue guidance only when necessary and if compliance burdens will be reduced.