Rise Economy, a California-based nonprofit, has threatened to take legal action to block the OCC and FDIC proposal to revise Community Reinvestment Act requirements.
The draft CFPB Reform Act, which is backed by CFPB Acting Director Russell Vought and House Republicans, seeks to bring the agency under the appropriations process, among other reforms.
The bureau has called for feedback regarding the TILA-RESPAIntegrated Disclosure rule, issues involving reverse mortgages and fee disclosure tolerance thresholds.