Cost and regulatory burdens were cited as reasons for rescinding a 2024 rule that would have required nonbanks to report if they had been penalized for violating consumer financial laws.

CFPB Acting Director Russell Vought has yet to request any funding for the CFPB in fiscal year 2026. His actions mimic those of a former bureau acting director.

The trade group called for clear federal guidance on existing laws to provide regulatory certainty and facilitate the adoption of artificial intelligence by the mortgage industry.

The bureau’s new interpretive rule could call into question the legality of state laws that aim to ban medical debt and other information from credit reports.

The bureau repealed some amendments over concerns that the process for deciding dispositive motions concentrated authority with the director of the bureau.

The Inspector General attributed the information security issues to the loss of contractor resources and departure of agency personnel.

CFPB ends TransUnion’s consent order early; federal court pauses compliance with Section 1033 rule; CSBS releases latest version of the Mortgage Call Report; MISMO is accepting comments on the Mortgage Compliance Dataset Version 2.0; court declines to pause CFPB’s PACE financing rulemaking.

The trade group said the bureau’s open banking rule is a productive step toward encouraging a consumer-authorized data-sharing system.

Feeder funds can ease the barrier of entry for investors into the residential mortgage loan market. Fitch set new rating criteria for the asset.

The Mortgage Bankers Association is concerned the current risk weights for MSRs and warehouse lines are limiting activities at banks.