Mortgage servicers said there was no decrease in state examinations of fair servicing and, in fact, states' new focus is on the disparate-impact theory.
The bureau has turned its attention toward steps needed to address the “GSE patch” along with other changes to its rulemaking activity. But it has not indicated the approach it is considering.
The Ninth Circuit Court has ruled that the CFPB’s structure is constitutional, noting there is no need to re-plow the same ground as the D.C. Circuit has already thoroughly discussed it.
Two banking trade groups have asked the CFPB to decline the credit union industry’s request to delegate oversight authority of credit unions to their prudential regulator.
A top CFPB official has defended the bureau’s proposed payday lending rule on Capitol Hill as state attorneys general weighed in to oppose the proposal, noting it will limit states’ ability to protect consumers.
CFPB Director Kathy Kraninger continues to build her team with new additions to the agency’s senior leadership team. Brian Johnson has been named as deputy director. Separately, Eric Blankenstein, a top enforcement chief at the bureau who was under fire for a racism-tinged blog, has resigned.
A federal appeals court has upheld CFPB's constitutionality. This means there is no circuit split on the issue, which would encourage the Supreme Court to take up the case.
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