The CFPB had sued Georgia-based USASF for illegal servicing practices that harmed borrowers with auto loans.

The court said Acima failed to establish that Utah is “inconvenient.” The court also rejected Acima’s argument under the first-to-file rule.

CFPB settles with student lender; CFPB sues Comerica Bank; The bureau returns $1 billion to harmed consumers; OCC publishes updated UDAAP booklet; CFPB Ombudsman’s Office releases annual report; Texas court denies request to lift stay on the credit card late fee final rule.

The lender contended that recent HUD guidance on appraisal reviews is contradictory to government mandates of appraiser independence.

The proposed rule will ensure protections from the Fair Credit Reporting Act apply to sensitive information, including information sold by data brokers.

A provision in the proposed rule that would limit sales of “credit header” information only to users who have a permissible purpose to obtain it would restrict the ability of lenders to advertise mortgage products.

The appraisal industry will soon experience major updates via the GSEs’ migration to the Uniform Appraisal Dataset 3.6.

At the end of fiscal 2024, the bureau had 1,758 employees, up 5% from a year earlier.

Going by Trump’s first term, the CFPB is expected to continue to regulate by enforcement, but isn’t likely to expand its jurisdiction into questionable areas.

At the end of fiscal year 2024, the CFPB had 1,758 employees, up 5% from a year earlier and up 16.9% from the end of fiscal 2020.