In CFPB’s first semi-annual report released under the Trump administration, Acting Director Russell Vought included comments throughout the report disapproving of prior agency actions.

The lender urged the court to dismiss charges under the Real Estate Settlement Procedures Act and state consumer protection laws in a 2024 class-action lawsuit.

Earned wage access products are no longer subject to the Truth in Lending Act’s requirements, if they meet certain terms laid out in the bureau’s new advisory opinion.

The bureau filed a series of annual reports ranging from the credit card market to compliance with the Plain Writing Act.

Senate returns CFPB director nomination; Newrez settles servicing issues with Massachusetts; CFPB makes annual inflation adjustments for mortgage regulations.

The Loan Syndications and Trading Association said the SEC has clarified that CLO tranches can be classified as receivables for accounting purposes, clearing regulatory uncertainty for banks.

A federal district court judge said a lapse in funding at the CFPB would make it impossible for the bureau to fulfill its obligations under an existing preliminary injunction.

The federal regulator is seeking federal preemption of state laws requiring banks to pay interest on funds in mortgage escrow accounts.

CFPB Consumer Advisory Board member Chelsie Evans, executive director of Hawaiian Community Assets, said that for genuine collaboration among the CFPB, lenders and community organizations, “the system must ensure that families do not bear all the risk, while institutions bear none.”

The proposal seeks to narrow the scope of the original rule's data collection requirements.