The annual student loan report published by the CFPB was 15 pages short of the original report written by the bureau’s former student loan ombudsman, Julia Barnard.
SCOTUS won’t hear petition in a discrimination case; Fed initiates enforcement action against a former PrimeLending employee; CFPB will no longer provide HMDA updates via GovDelivery email.
The trade association asked the CFPB to exclude asset-backed financing transactions from its rule defining larger participants in the auto loan market, regardless of if they are securities or lending transactions.
CFPB Acting Director Russell Vought noted his disagreement with the court’s opinion in his funding request to the Fed. Vought’s time at the bureau is on the clock under the Federal Vacancies Reform Act.
HUD said its prior assertion that the disparate-impact regulations provided “clarity and predictability” is diminished following the Supreme Court decision overruling the Chevron framework.
The New York Department of Financial Services adopted a new regulation to implement a 2021 law extending the state’s Community Reinvestment Act requirements to nonbanks.