Consumer Financial Protection Bureau (CFPB)

Issues guidance warning that steering shoppers for kickbacks or fees is against the law.

Says such contracts often have terms & conditions that claim to waive or limit consumer rights.

Bank reports 4Q earnings cut in half due to settlements, fewer mortgage originations.

Bank announces strategic plans to 'create a more focused home lending business.'

CFPB found the bank engaged in illegal practices on mortgage and car loans

Both groups support petition to hear case, but differ on how court should rule.