The proposal is unlikely to move forward in the Trump administration, but the draft could serve as a blueprint for state legislation.

The Supreme Court’s decision to let a lower court’s ruling stand allows the bureau to watch over certain ABS market participants.

Elon Musk’s call to “delete” the CFPB hasn’t found many takers. According to mortgage industry participants, the consumer watchdog has provided stability to the industry post the 2008 financial crisis.

The final rule establishes ability-to-repay requirements for Property Assessed Clean Energy loans.

The Supreme Court’s decision effectively grants the CFPB authority over the ABS market.

Chris Willis, a partner at the law firm of Troutman Pepper, said the rule is “complex” and has caused a lot of “confusion and misunderstanding.”

Though many financial companies have significant concerns about actions by the CFPB, the reforms brought in by the bureau are generally preferred, according to industry stakeholders.

It has been two months since the CFPB’s nonbank repeat offender registry opened for registration, but still confusion remains among entities over whether they fall under the scope of the rule.

One of the nation’s top mortgage lenders wants a federal court to confirm that lenders can’t interfere within independent appraisals, even if they are allegedly discriminatory.

The National Credit Union Administration’s Division of Fair Lending Supervision next year will focus on credit unions that have recently expanded into underserved areas.