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CFPB News & Analysis

CFPB firing line: DOJ moves to axe half the bureau’s staff

CFPB firing line: DOJ moves to axe half the bureau’s staff

CFPB News & Analysis, Litigation, Politics and policy /

Bloomberg News Processing Content Key insight: The agency’s enforcement and supervision units would face the heaviest hits, with staffing plummeting by 80%. Supporting data: CFPB officials alleged that a new reduction in force, or RIF, is a financial necessity after Congress slashed the bureau’s budget in half. Forward look: Critics view the latest “revised” RIF plan […]

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How Trump’s EO could redraw QM’s safe harbor lines

CFPB News & Analysis, Law and regulation, Mortgages, Politics and policy /

Part of a recent executive order from President Trump that calls for potential changes to the qualified mortgage definition and its safe harbor could increase competition for certain types of loans, depending on how and if it progresses. Processing Content Changes that the broader mortgage credit order calls for include having the Consumer Financial Protection

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CFPB cuts dull impact of Trump’s latest order, MBA exec says

CFPB News & Analysis, Mortgages, Politics and policy /

While noting the upside to President Trump’s new executive order to expand home lending among community financial institutions, the Mortgage Bankers Association’s top executive added a note of caution, saying benefits won’t appear immediately. Processing Content In a wide-ranging interview at Intercontinental Exchange’s ICE Experience 2026 conference in Las Vegas on Tuesday, MBA President and

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Former CFPB counsel: Agency is doing more than you think

Former CFPB counsel: Agency is doing more than you think

CFPB News & Analysis, Law and legal issues, Politics and policy, Regulation and compliance /

The Consumer Financial Protection Bureau is still impacting the mortgage industry, despite a lack of examinations or investigations and the threat of a mass firing.  The regulator under Acting Director Russell Vought has continued to provide regulatory guidance to financial institutions, and even defended some actions put forth by the prior Chopra-led bureau. Richard Horn,

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Trade group loses bid to block PACE rules

CFPB News & Analysis, Law and legal issues, Politics and policy, Regulation and compliance /

A federal judge has defeated a trade group’s bid to stop tighter lending rules for clean energy loans, overriding protests that the move would hike costs and diminish demand.  Processing Content The ruling on summary judgment this week by U.S. District Judge Tom Barber, in favor of the government, means administrators with the Property Assessed

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CFPB raises HMDA exemption and escrow thresholds

CFPB News & Analysis, Regulation and compliance /

Lenders with less than $59 million in assets last year won’t have to share their home loan data with the government. Processing Content The Consumer Financial Protection Bureau on Wednesday raised its Home Mortgage Disclosure Act reporting exemption threshold by $1 million over the prior year, the smallest annual increase since 2023. The regulator, which

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Judge blocks effort to allow CFPB funding to run out

CFPB News & Analysis, Litigation, Politics and policy, Regulation and compliance /

Key insight: The Trump administration would violate an existing court order if it allows the CFPB to run out of funding by declining to request money from the Federal Reserve. Supporting data: The Judge held that the Dodd-Frank Act requires the CFPB to request funding from the Fed’s “combined earnings,” even when the Fed’s expenses

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Democratic AGs hire former CFPB Director Chopra

CFPB News & Analysis, Consumer banking, Industry News, Wealth management /

In this week’s banking news roundup: Rohit Chopra is named senior advisor to the Democratic Attorneys General Association’s working group on consumer protection and affordability; Flagstar Bank’s private-banking division adds two additional wealth-planning capabilities; Chime promotes three members of its executive leadership team; and more.

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Warren warns CFPB on its ‘half-baked idea’ for mortgage-rate data

CFPB News & Analysis, Regulation and compliance, Secondary markets /

Senate Democrats are warning the Trump administration not to cut an arcane but critical function of the Consumer Financial Protection Bureau that underpins the housing market as officials move to dismantle the agency.  At issue is the CFPB’s weekly publication of Average Prime Offer Rate tables, a key benchmark enabling the smooth operation of the

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Effort to halt CFPB’s new PACE rules hits roadblock

CFPB News & Analysis, Law and legal issues, Politics and policy, Regulation and compliance /

A loan program allowing homeowners to pay for clean energy upgrades through property tax bills will still be subject to tighter lending rules next year, a federal judge ordered.  The Property Assessed Clean Energy (PACE) program allows borrowers to pay for home improvements, from storm hardening to solar panels, via future property tax assessments. The

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