The trade group outlines in a white paper that it wants more "flexibility" in the rule allowing mortgage lenders to pay their originators on a varying scale.

The Consumer Financial Protection Bureau cut short a five-year agreement with Bank of America Corp. over the bank's alleged submission of false mortgage data as the significantly curtailed government agency rolls back a bevy of settlements.

Prior to this development, the CFPB was the sole industry participant to publish an average prime offer rate index on a weekly basis.

The anti-evasion exception introduced during the Covid-19 pandemic provided servicing flexibility to help borrowers struggling for many reasons, ABA said.

A new proposal from the Senate Banking Committee for the massive budget bill to eliminate this source of funding for the Consumer Bureau is dangerous, writes the president of the Center for Responsible Lending

The Consumer Financial Protection Bureau pinpointed five rules that it wants the White House budget office to review. Details, however, are sparse.

Elon Musk, formerly head of the Department of Government Efficiency, said he will officially leave the federal government after a short but tumultuous tenure. DOGE's actions at the Consumer Financial Protection Bureau are being reviewed in federal court.

Regulators say the Mississippi-based depository satisfied the terms of the $5 million settlement it reached with Biden administration officials in 2021.

The Consumer Financial Protection Bureau has withdrawn guidance that allowed states to bring enforcement actions broadly under federal consumer protection laws.

The rule rescission, one of many the Consumer Financial Protection Bureau is planning, would officially remove temporary steps for mortgages added in 2021.