Following a court ruling last week, the CFPB and HUD reinstated hundreds of probationary employees fired by the Trump administration. However, the employees were immediately placed on administrative leave.
Three former CEOs of the GSEs this week debated the impact of federal conservatorship, what steps must be taken to safely end the oversight and what the GSEs should look like afterwards.
A few months back, Marlin Mortgage parted ways with COO Steve Stone. Now, describing himself as a whistleblower, Stone is suing the MSR owner, accusing the firm of a host of questionable moves.
Just before the vote, Sen. Elizabeth Warren, D-MA, released the CFPB nominee’s answers to a series of questions regarding the bureau. Warren said his responses were filled with “non-answers that regurgitated the agency’s obligations under the law.”
Several CFPB offices have been authorized to continue working, but the process has been filled with confusion between new bureau leadership and bureau employees.
The House Financial Services Committee voted 30-19 to pass a Congressional Review Act resolution to reverse a CFPB final rule that will limit overdraft fees charged by large banks and credit unions.
A Texas federal judge granted the CFPB’s request to stay for 30 days all pending deadlines in the credit card late fee lawsuit as it works with the plaintiffs in the case to resolve the matter.
District court denies request from CFPB to pause litigation against Comerica Bank; CFPB drops lawsuit against Zelle; lawsuits involving Military Lending Act moving forward; CFPB stays on case with state AGs; CFSA seeks ruling from Supreme Court on payday loan rule.
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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