The judge, who granted a preliminary injunction against the CRA overhaul, said there’s “substantial likelihood” that the plaintiffs in the lawsuit will ultimately win. Read More

A recent Third Circuit ruling that asset-backed securities are “covered persons” subject to the CFPB’s authority under the Consumer Financial Protection Act could change the regulatory landscape for ABS. Read More

Many mortgage brokers failed to satisfy a two-part test that determines whether compensation they received from a lender is permissible under the Real Estate Settlement Procedures Act. Read More

As part of the settlement, loanDepot has agreed to undertake extensive appraisal policy changes. The lender also agreed to make payment of an undisclosed sum to the plaintiffs in the lawsuit. Read More

The bureau plans to hire more technologists, issue policy guidance for law firms and provide research on emerging technologies in the coming months. Read More

Trade groups representing depositories are urging the CFPB to drop a proposed rule that will curb overdraft fees charged by large banks. Read More

The bureau is working to understand how video games can become a haven for scams, fraud, financial losses and unanticipated purchases that can deplete a family’s real-world financial assets. Read More

MV Realty argued the CID is outside the CFPB’s jurisdiction because the company does not offer consumer financial products or services. Read More

Lawsuit against CFPB’s credit card rule to stay in Texas; CFPB has no comment on allegations involving UWM, mortgage brokers; the bureau plans to release a credit card comparison shopping tool; ABA and other trade groups urge the CFPB to drop an auto data request; CFPB issues warning on false advertising used in remittance transfers. Read More