The lender contended that recent HUD guidance on appraisal reviews is contradictory to government mandates of appraiser independence.

The proposed rule will ensure protections from the Fair Credit Reporting Act apply to sensitive information, including information sold by data brokers.

A provision in the proposed rule that would limit sales of “credit header” information only to users who have a permissible purpose to obtain it would restrict the ability of lenders to advertise mortgage products.

The appraisal industry will soon experience major updates via the GSEs’ migration to the Uniform Appraisal Dataset 3.6.

At the end of fiscal 2024, the bureau had 1,758 employees, up 5% from a year earlier.

Going by Trump’s first term, the CFPB is expected to continue to regulate by enforcement, but isn’t likely to expand its jurisdiction into questionable areas.

At the end of fiscal year 2024, the CFPB had 1,758 employees, up 5% from a year earlier and up 16.9% from the end of fiscal 2020.

The bureau’s payday lending rule is set to take effect March 30, 2025, after the Fifth Circuit denied a request for a rehearing on the case.

The transaction threshold determining which nonbanks come under the bureau’s supervision has been drastically increased, to 50 million annual transactions from 5 million proposed.

If the overdraft rule is adopted as proposed, banks would materially reduce the amount of liquidity they are able to offer consumers, according to the Consumer Bankers Association.