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.” Continue reading

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. Continue reading

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 four years, to “further the goal of mandating DEI in lending.” Continue reading