Key insight: Hill has overseen a sharp deregulatory pivot at the FDIC, with priorities centered on rolling back Biden-era rules and limiting the agency’s role in liberal-aligned issues like climate change and diversity. Supporting data: If confirmed, Hill would serve a five-year term, succeeding Martin Gruenberg; the FDIC board is now entirely Republican, giving him […]
Trump nominates Travis Hill for permanent FDIC chair Read More »
The Financial Crimes Enforcement Network, FinCEN for short, has delayed the enforcement date of its residential real estate reporting rule. The announcement exempts “all reporting persons” from compliance with the anti-money laundering regulation from Sept. 30 until March 1, 2026. The rule was supposed to go into effect on Dec. 1. This rule was promulgated
FinCEN delays controversial real estate reporting rule Read More »
Freedom Mortgage faces a proposed class action lawsuit, which alleges the lender made several marketing calls to a South Carolina resident in violation of federal and state regulations. Plaintiff Brittany Williams said she received multiple calls from three different Freedom Mortgage originators between July 24, 2025, and Aug. 5, all presenting her with options for
Freedom Mortgage faces charges of TCPA violations Read More »
CrossCountry Mortgage is rejecting accusations that it operated a kickback scheme, and is defending the comarketing agreement in question as lawful. The retail giant in a legal filing Monday offered several arguments to a federal court regarding why a borrower’s Real Estate Settlement Procedure Act complaint falls short. Jeremiah VonBlohn and five other North Carolina-based
CrossCountry defends comarketing deal in RESPA lawsuit Read More »
What’s at Stake: The union’s counsel warns that the appellate panel’s ruling permits the unilateral elimination of federal agencies. Expert Quote: “It enables agencies to avoid judicial scrutiny of virtually any decision.” — Jennifer Bennett, National Treasury Employees Union. Supporting Data: The Trump administration wants the CFPB’s headcount cut to 200, down from 1,750 in
CFPB’s union appeals agency’s ‘dismantling’ to D.C. Circuit Read More »
Key Insight: All eyes are on the Slaughter v. Trump case, which will be heard by the Supreme Court at the end of the year. How that case plays out could decide whether Federal Reserve Governor Lisa Cook can remain at the central bank. Expert Quote: “If they overturn Humphrey’s Executor and do so in
Experts say Supreme Court could combine independence cases Read More »
Key Insight: Washington Federal Bank and Planet Home Lending are only the latest in a long list of businesses against which the CFPB has terminated its consent orders. Supporting Data: Since Donald Trump returned to the White House, the CFPB has dropped dozens of enforcement actions and initiated only two. Expert quote: “It’s clear that
CFPB drops enforcement actions against two more lenders Read More »
In our Tech Disruption survey, National Mortgage News asked participants “What technology is in use in your organization?” When it came to “advanced fraud protection tools,” significant shares of banks, credit unions and nonbank mortgage lenders all said they do employ them. However, a 13 percentage point gap exists between banks (86%) and nonbanks (73%);
EXCLUSIVE RESEARCH: Fraud tech gaps emerge between banks and nonbanks Read More »
Key Insight: The CFPB still exists and mass layoffs have not yet occurred but the Trump administration has dropped enforcement actions and eliminated rules, nullifying the agency’s broad reach. Expert Quote: “The last eight months or so have been unlike any others with just a completely different tenor, completely different levels of activity and a
How the Trump administration has neutralized the CFPB Read More »
Key Insight: Democratic Lawmakers say the 2023 CRA made important updates to a decades old framework, accounting for online banking and reducing CRA “grade inflation.” Supporting Data: The 2023 rule was backed by bipartisan members of the Federal Reserve Board, including Governor Waller and Chair Powell. Forward Look: Lawmakers are pressing regulators to defend the
Senate Democrats urge regulators to rethink CRA reversal Read More »