Government regulator lets BofA mortgage off the hook 3 years early
The 2023 order, aimed at ensuring collection of information about applicants' race, ethnicity, gender, wasn't scheduled to be lifted until 2028. Regulators say bank has fulfilled its obligations
by Matt Carter Jun 25
Court denies CFPB's request to vacate fair lending settlement
Judge declines to reopen case and vacate settlement with Chicago mortgage broker Townstone Financial, calling the request 'a Pandora’s box the court refuses to open'
by Matt Carter Jun 12
CFPB rescinds dozens of policies as court battle over its fate rages on
A hearing on an order barring the Trump administration’s move to fire all but 200 of the CFPB’s 1,700 employees is set for Friday, with Democrats calling it an attempt to dismantle the bureau
by Matt Carter May 13
CFPB cites DEI in push to kill $105k settlement with mortgage broker
Acting director Russell Vought claims bureau 'abused its power' in redlining case against Townstone Financial that dragged on for 4 years, to 'further the goal of mandating DEI in lending'
by Matt Carter Mar 28