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 CFPB to rescind a slew of guidance materials dating back to 2011Tuesday, May 13, 2025 Acting leadership at the Consumer Financial Protection Bureau (CFPB) announced a list of 39 guidance materials to be rescinded, including several applicable to mortgage originators and servicers issued since the CFPB assumed its functions in 2011. |
 Trump signs repeals of CFPB overdraft, larger participant rulesTuesday, May 13, 2025 The Consumer Financial Protection Bureau’s final rules limiting overdraft fees charged by certain financial institutions and another giving the bureau authority to supervise large digital payment providers have been invalidated via resolutions of disapproval signed by President Donald Trump. |
 Trump to tap CFPB nominee for Treasury roleTuesday, May 13, 2025 President Donald Trump intends to nominate Jonathan McKernan to a position at the Treasury, according to an announcement by Treasury Secretary Scott Bessent. McKernan is awaiting Senate confirmation of Trump’s nomination of him to be director of the Consumer Financial Protection Bureau. |
Federal Reserve acknowledges rising inflation, unemployment risksTuesday, May 13, 2025 The Federal Reserve announced there will be no change to the federal funds rate following the May meeting of the Federal Open Markets Committee (FOMC). The committee concluded maintaining the target range at 4-1/4 to 4-1/2 percent was the best approach given economic indicators suggesting the risk of higher inflation and unemployment has increased.
 CFPB moves to dismiss medical debt rule lawsuitFriday, May 9, 2025 The Consumer Financial Protection Bureau moved for dismissal regarding multiple claims cited in a lawsuit challenging the legality of its final rule prohibiting medical debt information from being considered in credit decisions.
 CFPB plans to deprioritize ‘Buy Now, Pay Later’ lending activitiesFriday, May 9, 2025 In the agency’s latest announcement regarding its enforcement and supervisory priorities, the Consumer Financial Protection Bureau said it will not prioritize oversight of “Buy Now, Pay Later” (BNPL) loan providers. The bureau also is considering further action related to its new policy position on BNPL products.
AI Without the Jargon: A Mindset for the Future (podcast)Friday, May 9, 2025 If you have ever wondered how artificial intelligence stuff works, you are not alone. Listen and learn as author and futurist Brian Carter discusses one of the biggest tech revolutions in decades on the Keys to Real Estate podcast and why he believes it is more than just hype. Be sure to catch his presentation at the 2025 National Settlement Services Summit in Pittsburgh.
Frontier Credit Union to acquire Montana-based community bankFriday, May 9, 2025 Frontier Credit Union took a step toward expanding its operations into new territory with an agreement to acquire a community bank based in Montana. The news drew the attention of community banking advocates concerned about the ongoing trend of bank purchases by tax-exempt credit unions.
 House committee votes to slash CFPB funding through Dodd-Frank amendmentsTuesday, May 6, 2025 As part of the ongoing budget reconciliation process in Congress, the House Financial Services Committee voted along party lines to approve a resolution to greatly reduce funding for the Consumer Financial Protection Bureau and to no longer allow the bureau to retain unspent funds in its civil penalty fund from year-to-year.
 CFPB will not prioritize Sec. 1071 enforcement, supervisionTuesday, May 6, 2025 The Consumer Financial Protection Bureau announced it will not prioritize enforcement or supervisory actions with respect to its small business lending rule. The bureau framed the move as a measure of fairness toward companies not covered by a court-imposed stay on the rule’s compliance deadlines.

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