According to industry insiders, there is room for state and federal regulators while also supporting the independence of federal agencies.

The move continues a recent pattern of withdrawing the bureau from lawsuits under new leadership at the CFPB.

Several state AGs seeking answers from the CFPB regarding restitution; CFPB won’t prioritize BNPL enforcement; Pennsylvania kickstarts new consumer complaint tools; CSBS wants preemption regulations rescinded; GAO to investigate CFPB activity; CFPB won’t focus on enforcement actions regarding the small-business lending final rule.

McKernan was nominated for CFPB director in February, and it was expected that he would be confirmed as soon as this month.

New artificial intelligence technology provides both promise and complications for the mortgage industry.

The reporting of positive rental payment data to credit reporting bureaus can help increase homeownership opportunities.

While the bureau seems to be stepping away from an enforcement focus within the ABS market, industry attorneys note that a Third Circuit decision is still binding.

Both originations and servicing could see negative impacts as the Department of Education resumes collecting on defaulted federal student loan payments.

The bureau reached agreements earlier this week to resolve two lawsuits.

The ABS backed by advances to international students studying in the U.S. could come under pressure due to any changes in immigration and employment policies.