The CFPB plans to dismiss its case against Townstone and reverse a settlement the parties reached last year.

Following a court ruling last week, the CFPB and HUD reinstated hundreds of probationary employees fired by the Trump administration. However, the employees were immediately placed on administrative leave.

Just before the vote, Sen. Elizabeth Warren, D-MA, released the CFPB nominee’s answers to a series of questions regarding the bureau. Warren said his responses were filled with “non-answers that regurgitated the agency’s obligations under the law.”

Several CFPB offices have been authorized to continue working, but the process has been filled with confusion between new bureau leadership and bureau employees.

The House Financial Services Committee voted 30-19 to pass a Congressional Review Act resolution to reverse a CFPB final rule that will limit overdraft fees charged by large banks and credit unions.

Prices are expected to rise for homebuilders, mortgage companies and consumers as the Trump administration implements new tariffs.

The CFPB director nominee detailed plans for the bureau at his Senate confirmation hearing last week.

"Nothing about the current CFPB situation changes the fundamental obligation [of lenders] to collect and report lending data," said Kareem Saleh, CEO of FairPlay.

The largest pending change to the MCR is that it will support implementation of prudential standards.

CFPB Director-nominee Jonathan McKernan at his confirmation hearing promised to perform the statutory functions of the bureau. But he didn’t directly respond to the question of whether he agrees with President Trump’s statement that it’s important to “get rid of” the bureau.