#cfpb
#cfpb

2 days ago

Remodel

CFPB to review mortgage servicing, loan officer comp rules

Retirement

CFPB seeks rescission of pandemic-era mortgage servicing rule

2 days ago

Remodel

CFPB to review mortgage servicing, loan officer comp rules

more#mortgage-servicing

#financial-regulation

fromNon Profit News | Nonprofit Quarterly

Conflict at the Consumer Finance Protection Bureau: What's at Stake? - Non Profit News | Nonprofit Quarterly

The CFPB faces significant challenges under the Trump administration aimed at reducing its power and potential impact on consumer protection.

Former director Rohit Chopra sounds alarm over diminished CFPB

Chopra warns that without the CFPB, consumer protection will diminish, impacting borrowers negatively.

DOGE wants to lay off the 'vast majority' of CFPB workers, employees say

The Consumer Financial Protection Bureau faces significant downsizing, raising serious concerns about consumer protections and data management.

Employees report hasty layoffs and inadequate planning for consumer protection roles at the CFPB.

Lawsuits involving DOGE and the Trump administration that corporate America may want to watch

The CFPB faces significant legal challenges due to actions taken by the Trump administration aimed at dismantling the agency.

DOGE is slashing 90% of a federal agency designed to prevent another financial crisis

The Consumer Financial Protection Bureau has drastically reduced its workforce by 90%, impacting its ability to protect consumers.

Trump and DOGE's Attacks on CFPB Will Help Financial Industry Prey on Consumers

The CFPB was created to protect consumers from predatory lending practices following the 2008 financial crisis.

fromNon Profit News | Nonprofit Quarterly

Conflict at the Consumer Finance Protection Bureau: What's at Stake? - Non Profit News | Nonprofit Quarterly

The CFPB faces significant challenges under the Trump administration aimed at reducing its power and potential impact on consumer protection.

Former director Rohit Chopra sounds alarm over diminished CFPB

Chopra warns that without the CFPB, consumer protection will diminish, impacting borrowers negatively.

DOGE wants to lay off the 'vast majority' of CFPB workers, employees say

The Consumer Financial Protection Bureau faces significant downsizing, raising serious concerns about consumer protections and data management.

Employees report hasty layoffs and inadequate planning for consumer protection roles at the CFPB.

Lawsuits involving DOGE and the Trump administration that corporate America may want to watch

The CFPB faces significant legal challenges due to actions taken by the Trump administration aimed at dismantling the agency.

DOGE is slashing 90% of a federal agency designed to prevent another financial crisis

The Consumer Financial Protection Bureau has drastically reduced its workforce by 90%, impacting its ability to protect consumers.

more#financial-regulation

Trump and DOGE's Attacks on CFPB Will Help Financial Industry Prey on Consumers

The CFPB was created to protect consumers from predatory lending practices following the 2008 financial crisis.

1 week ago

CFPB to scrap 'unlawful' open banking rule

Mark Paoletta, the CFPB's chief legal officer, confirmed in a federal court filing that the reason for vacating the rule stemmed from an immediate lawsuit from the Bank Policy Institute.

Privacy professionals

#data-privacy

fromFlowingData

Privacy from data brokers canceled

The CFPB's proposed rule for privacy protection faces opposition under current director Russell Vought, highlighting tensions in consumer data protection.

fromTheregister

America's CFPB bins proposed data broker crackdown

Consumer Financial Protection Bureau withdrew proposed rules to regulate data brokers as credit agencies, leaving personal data vulnerable.

fromWIRED

CFBP Quietly Kills Rule to Shield Americans From Data Brokers

CFPB cancels proposed rule to limit data brokers' sale of Americans' sensitive information.

Previous director emphasized the necessity to combat commercial surveillance practices.

fromFast Company

Trump just handed data brokers a gift in the form of our data

CFPB canceled proposed rules to protect consumer data from data brokers, prioritizing industry concerns.

fromFlowingData

Privacy from data brokers canceled

The CFPB's proposed rule for privacy protection faces opposition under current director Russell Vought, highlighting tensions in consumer data protection.

fromTheregister

America's CFPB bins proposed data broker crackdown

Consumer Financial Protection Bureau withdrew proposed rules to regulate data brokers as credit agencies, leaving personal data vulnerable.

fromWIRED

CFBP Quietly Kills Rule to Shield Americans From Data Brokers

CFPB cancels proposed rule to limit data brokers' sale of Americans' sensitive information.

Previous director emphasized the necessity to combat commercial surveillance practices.

fromFast Company

Trump just handed data brokers a gift in the form of our data

CFPB canceled proposed rules to protect consumer data from data brokers, prioritizing industry concerns.

more#data-privacy

#hud

SF politics

House official cites HUD, CFPB cuts as keys to pass Trump tax bill

Business

MBA urges overhaul of mortgage rules in letter to OMB

SF politics

House official cites HUD, CFPB cuts as keys to pass Trump tax bill

Business

MBA urges overhaul of mortgage rules in letter to OMB

more#hud

#regulatory-changes

CFPB drops enforcement action against Capital One

Capital One faces allegations of misleading marketing regarding interest rates, which have remained significantly lower than advertised.

Boston real estate

There's a new enforcement playbook for mortgage lenders

The CFPB is changing its supervisory exam focus, affecting mortgage industry regulations and compliance scrutiny.

Privacy professionals

CFPB rescinds 67 guidance docs, including mortgage policies

SF real estate

MBA's Bob Broeksmit: 'The CFPB is listening' to industry concerns

CFPB drops enforcement action against Capital One

Capital One faces allegations of misleading marketing regarding interest rates, which have remained significantly lower than advertised.

Boston real estate

There's a new enforcement playbook for mortgage lenders

The CFPB is changing its supervisory exam focus, affecting mortgage industry regulations and compliance scrutiny.

Privacy professionals

CFPB rescinds 67 guidance docs, including mortgage policies

SF real estate

MBA's Bob Broeksmit: 'The CFPB is listening' to industry concerns

more#regulatory-changes

fromCSO Online

Data on sale: Trump administration withdraws data broker oversight proposal

CFPB's withdrawal of data broker regulation undermines consumer privacy protections.

Trump claims CFPB "destroys" people. Senators say killing it is a gift to Musk.

Senate vote limits CFPB oversight, raising concerns over consumer protections and conflicts of interest involving Elon Musk.

fromSFGATE

Homebuyers Could Be Left 'Vulnerable' If the Consumer Financial Protection Bureau Disappears

The CFPB's enforcement capabilities are in jeopardy due to new mandates, raising concerns for consumers amid the homebuying season.

fromEngadget

CFPB drops Zelle lawsuit in latest reversal under Trump administration

The CFPB lawsuit against Zelle highlights ongoing consumer protection concerns amid agency power reductions under Trump.

Judge says she's leaning toward temporarily saving the CFPB

The future of the CFPB remains uncertain as a judge deliberates on a preliminary injunction to halt mass layoffs.

SF real estate

The CFPB's rogue war: One agent's battle against the bureaucracy

CFPB's 2024 moves threaten broker commissions and referral models, risking consumer choice and industry stability.

fromwww.nytimes.com

With the CFPB on Pause, Here's How to Protect Yourself

Consumers must be more vigilant due to reduced regulatory oversight.

The Consumer Financial Protection Bureau is currently facing operational challenges and reduced enforcement.

fromArs Technica

Trump claims CFPB "destroys" people. Senators say killing it is a gift to Musk.

Senate vote limits CFPB oversight, raising concerns over consumer protections and conflicts of interest involving Elon Musk.

fromSFGATE

Homebuyers Could Be Left 'Vulnerable' If the Consumer Financial Protection Bureau Disappears

The CFPB's enforcement capabilities are in jeopardy due to new mandates, raising concerns for consumers amid the homebuying season.

fromEngadget

CFPB drops Zelle lawsuit in latest reversal under Trump administration

The CFPB lawsuit against Zelle highlights ongoing consumer protection concerns amid agency power reductions under Trump.

Judge says she's leaning toward temporarily saving the CFPB

The future of the CFPB remains uncertain as a judge deliberates on a preliminary injunction to halt mass layoffs.

SF real estate

The CFPB's rogue war: One agent's battle against the bureaucracy

CFPB's 2024 moves threaten broker commissions and referral models, risking consumer choice and industry stability.

fromwww.nytimes.com

With the CFPB on Pause, Here's How to Protect Yourself

Consumers must be more vigilant due to reduced regulatory oversight.

The Consumer Financial Protection Bureau is currently facing operational challenges and reduced enforcement.

more#consumer-protection

#trump-administration

Law

Trump's CFPB Drops Cases Against Companies Accused of Cheating Consumers

The Trump administration faces backlash for halting enforcement actions against companies accused of financial misconduct.

GOP bills would eliminate funding for the CFPB

GOP leaders aim to eliminate CFPB funding utilizing the Byrd Rule for budget reconciliation, emphasizing accountability and transparency.

Judge clears way for federal layoffs, including at the CFPB and VA

A court ruling has halted mass layoffs by the Trump administration at eight federal agencies amid ongoing efforts to reduce government size.

CFPB staff and leaders clash about whether they're allowed to work

CFPB is facing legal battles over its future and operational integrity amid allegations from workers and regulatory authorities.

CFPB employees told to continue "performing statutorily required work"

CFPB faced operational halts under Trump administration, raising concerns over duty fulfillment and agency integrity.

Remodel

CFPB staff: McKernan plans to 'carry out the closure of the agency'

The CFPB is facing a tumultuous period with leadership changes and scrutiny following the Trump administration's policies.

Law

Trump's CFPB Drops Cases Against Companies Accused of Cheating Consumers

The Trump administration faces backlash for halting enforcement actions against companies accused of financial misconduct.

GOP bills would eliminate funding for the CFPB

GOP leaders aim to eliminate CFPB funding utilizing the Byrd Rule for budget reconciliation, emphasizing accountability and transparency.

Judge clears way for federal layoffs, including at the CFPB and VA

A court ruling has halted mass layoffs by the Trump administration at eight federal agencies amid ongoing efforts to reduce government size.

CFPB staff and leaders clash about whether they're allowed to work

CFPB is facing legal battles over its future and operational integrity amid allegations from workers and regulatory authorities.

CFPB employees told to continue "performing statutorily required work"

CFPB faced operational halts under Trump administration, raising concerns over duty fulfillment and agency integrity.

Remodel

more#trump-administration

CFPB staff: McKernan plans to 'carry out the closure of the agency'

The CFPB is facing a tumultuous period with leadership changes and scrutiny following the Trump administration's policies.

fromFast Company

How to avoid credit card late fees now that they're back

The Texas judge's ruling earlier this month came a day after major industry groups announced they had reached an agreement to throw out the $8 late fee cap.

Privacy professionals

#court-order

Privacy professionals

CFPB workers are receiving mass layoff notices

Privacy professionals

CFPB workers are reinstated after a court order, but many still can't work

Privacy professionals

CFPB workers are receiving mass layoff notices

Privacy professionals

CFPB workers are reinstated after a court order, but many still can't work

more#court-order

CFPB freezes nonbank registry rule after industry pushback

The CFPB has decided to pause its proposed rule that would require nonbank entities to report enforcement actions, focusing instead on pressing consumer threats.

National Basketball Association

Federal judge orders CFPB to reinstate terminated employees

"Jackson also ordered the CFPB to allow employees to perform their statutorily mandated functions by giving them either fully equipped office space or proper equipment to work remotely."

DC food

Law

Judge leans toward pause in Trump's actions to unwind the CFPB

Efforts are underway to preserve the CFPB amidst proposed mass layoffs.

The situation in the CFPB appears grave with imminent reductions in workforce being discussed.

from24/7 Wall St.

Big Banks Are Ripping Off Americans, Again

CFPB drops lawsuit against Capital One despite alleged deceptive interest practices affecting customers.

Warren blasts CFPB, FHFA nominees who advance to Senate confirmation votes

Confirmation hearings were abruptly limited to 75 seconds per lawmaker, raising concerns about the vetting process for key nominees.

Senate votes to strip the CFPB of its power to regulate X

Senate votes to limit CFPB's oversight on digital platforms, a move critics argue jeopardizes financial consumer protection.

Behind gutting of CFPB are nearly 200 canceled contracts

A lawsuit against the CFPB highlights contract terminations that threaten the agency's operations.

The future of vital contracts for government functions hangs in the balance.

Real estate

CFPB drops lawsuit against Rocket, Jason Mitchell Group

fromAxios

Behind gutting of CFPB are nearly 200 canceled contracts

A lawsuit against the CFPB highlights contract terminations that threaten the agency's operations.

The future of vital contracts for government functions hangs in the balance.

Real estate

CFPB drops lawsuit against Rocket, Jason Mitchell Group

more#lawsuit

Venture

CFPB dismisses TILA lawsuit against Vanderbilt Mortgage

CFPB dismissed lawsuits against multiple companies, including Vanderbilt, which had been accused of regulatory violations regarding lending practices.

#mckernan

Two CFPB critics appointed to leadership roles at the bureau

Vought's leadership poses significant challenges to the CFPB as lawsuits complicate efforts to cut funding and restrict layoffs.

SF politics

CFPB nominee McKernan says he'll protect older Americans from financial abuse

Two CFPB critics appointed to leadership roles at the bureau

Vought's leadership poses significant challenges to the CFPB as lawsuits complicate efforts to cut funding and restrict layoffs.

SF politics

CFPB nominee McKernan says he'll protect older Americans from financial abuse

more#mckernan

fromABC News

'We're under attack by billionaires': Fired federal workers speak out on terminations

"It's scary," said Hickman, who was fired last Tuesday. "I had a real moment... that really hits you. I think it underscores the fact that we're just regular, middle-class people, just like the people we're trying to serve."

Miscellaneous