The preliminary injunction came after a challenge by the U.S. Chamber of Commerce, the American Bankers Association and other trade groups. The ruling could spell trouble for the Biden administration’s fight against so-called “junk fees” in the financial services industry.

Rocket and the loan originator denied all housing discrimination allegations but entered into the agreement with HUD to obtain closure.

Chime Financial to pay more than $4.5 million in redress and fees; Chopra pushes for further action from FSOC on nonbank servicers; financial associations are worried about the CFPB’s potential consumer complaint survey; CFPB takes another action involving student loan ABS; CFPB sues online lending platform.

Delinquencies and losses on subprime auto ABS have been rising. Improved underwriting and inflation leveling out could help improve performance, according to industry analysts.

The 7-2 decision upholds the bureau’s ability to receive funding directly from the Federal Reserve and overturns a decision by the Fifth Circuit Court of Appeals.

A consumer advisory board meeting convened this week by the CFPB included an emphasis on issues in the mortgage market.

Goldman markets a new jumbo loan, Fannie releases results of a non-performing loan sale, Sachem's revenue grows in the first quarter and UWM's CEO downplays pricing initiatives.

The new complaint against the NCSLT builds on a recent court ruling affirming that the CFPB has regulatory powers over ABS trusts.

The state’s final CRA standards have some “problematic elements,” which the MBA said it had highlighted during the comment period.

UWM returned to a positive net income during the first quarter of 2024.