A paper published by the Federal Reserve found that legal action in fair lending reduced disparities in mortgage application denials and originations between white and Black borrowers.

The CFPB will receive $134 million from CashCall after Supreme Court declines to take up the lender’s petition; bill moves forward in House that would remove the CFPB director’s voting ability on the FDIC board; NYC adopts new debt collection consumer protections.

Ken Michlitsch, managing director of the alternative lending group at Morgan Stanley, said the ABS structure was designed to address the needs of both insurance clients and asset managers.

The lawsuit attracted amicus briefs from the Mortgage Bankers Association and the National Consumer Law Center.

Judges on the appeals court seemed conflicted about whether the Trump administration has the authority to move forward with its plans to terminate nearly 90% of the workforce at the CFPB.

The Trump administration claimed that federal courts have no authority to prevent it from carrying out its duties, while the NTEU argued that blocking a planned reduction-in-force at the CFPB is essential to ensure the agency still exists at the conclusion of the lawsuit.

“As I understand it, large portions of the agency for much of 2025 were not working or were working in a very limited fashion, and the numbers are likely going to reflect that,” said Mike Silver, a partner at the law firm of Spencer Fane.

As of November, only 5% of consumer gripes filed with the CFPB were closed with relief, according to Sen. Elizabeth Warren, D-MA.

The settlement, which didn’t include a civil money penalty or restitution, appeared to reflect the DOJ’s realigned view that Colony Ridge provided a haven for illegal immigrants. The CFPB, which originally filed the complaint with the DOJ, dismissed its claims against Colony Ridge.

An appeals court ruled that a lower court denied class allegations in a lawsuit against Navy Federal Credit Union too early on in the case.