The rescission follows the CFPB’s recently finalized amendments to Regulation B, and the withdrawal of other federal guidance on special purpose credit programs.

Better Markets hires former CFPB senior counsel; CFPB gets more time on funding argument; CashCall seeks order for CFPB records.

H.R. 10184, the Consumer Financial Protection Accountability and Reform Act, would bring the CFPB under the congressional appropriations process, require cost-benefit analyses for rulemakings and stipulate periodic reviews of major rules to ensure their benefits justify their costs.

The proposal would add two new provisions regarding ABS qualification under the NAIC’s principles-based bond definition.

The CFPB said the Dodd-Frank Act requires it to collect, monitor and respond to consumer complaints but the publication of complaint narratives and associated data visualizations is “entirely discretionary.”

The updates were made following the enactment of the bureau's ECOA final rule.

Mortgage applications declined slightly from a week prior.

AI is being used across the compliance process to make reviews more efficient, according to industry experts who spoke on a podcast hosted by the Conference of State Bank Supervisors.

Brian Johnson, CFPB director nominee, over the years has criticized the CFPB’s enforcement of RESPA, among other issues.