A 65-year-old senior accountant at CCM was told that the lender was shifting to a new business model and her job was being eliminated. However, the employee claimed she was fired due to her age.

The ABA and state regulators have opposing positions regarding federal preemption of state laws. The Trump administration is considering the views amid an effort to reduce regulatory burdens.

The settlement closes five years of ongoing legal matters between the two companies, following Two Harbors' termination of an agreement with Pine River.

The recission of the rule isn't likely to have much of an effect on state enforcement, according to industry attorneys.

Wells Fargo has one remaining 2018 consent order with the Federal Reserve Board.

The SEC provides some relief to the ABS market from enforcement under Rule 192.

With the Trump administration pulling back on regulation, state regulators are looking to fill the void.

The court on May 16 heard the government’s appeal against a preliminary injunction that prohibited it from laying off more than 1,400 bureau employees through a reduction in force process.

Nonbanks are especially vulnerable and at-risk in the absence of consistent federal regulation, according to panelists at the Conference of State Bank Supervisors’ mortgage symposium.

Some 9.02% of purchase-mortgage applications were turned away in 2024, compared to 9.49% in the previous year, an analysis of HMDA data showed. (Includes data table.)