Senior Democratic lawmakers have filed an amicus brief arguing that CFPB Acting Director Russell Vought’s reinterpretation of the agency’s funding mechanism unlawfully undermines its independence and consumer protection mandate under the Dodd-Frank Act
Mortgage compliance has entered a new “state-centric” era in which state regulators — not the CFPB — now drive oversight, enforcement, and collaboration, requiring lenders to adopt state-by-state strategies and stronger relationships with examiners
Office of Management and Budget official has been nominated by the Trump administration as director of the Consumer Financial Protection Bureau for a five-year term
In a recent court filing, OMB Director Russell Vought contends that the Bureau is legally barred from drawing funds from the Federal Reserve, the mechanism through which it has traditionally been financed
The Mortgage Economic Review is a monthly summary of key economic indicators, data, and events pertinent to mortgage, housing, and finance professionals
A group of 11 U.S. Senators have sent an inquiry to Acting CFPB Director Russell Vought voicing concerns over recent comments over shutting down the Bureau
Consumer groups warn CFPB’s plan to narrow nonbank supervision would gut oversight as the bureau braces for layoffs
With its budget ceiling nearly halved, CFPB weighs workforce cuts just as it proposes narrowing supervision of nonbank lenders
Applications analysis reveals systemic disparities in lending — here’s how the industry should respond
New rule would define ‘risks to consumers,’ aiming to bring consistency and predictability to bureau oversight