A three-judge panel of the 5th U.S. Circuit Court of Appeals ruled in a case brought by a payday lending group against the CFPB's 2017 payday lending rule, resulting in the court's decision to deem their funding structures unconstitutional.
Read More »Coalition Urges Congress to Boost Mortgage-Payment Assistance
Housing groups join and pen letter to congressional leaders calling for aid to homeowners.
Read More »CFPB Receives Record Numbers of Complaints During Pandemic
On the second day of her testimony before Congress, Director Kathy Kraninger updated the House Financial Services Committee on the Bureau's actions amidst COVID-19.
Read More »Second COVID-19 Relief Bill Expected by August
Will the legislation included more provisions to assist homeowners to make mortgage payments?
Read More »Two Congressional Bills Aim to Prevent Mass Evictions
Legislation introduced in the House and Senate aims to expand aid to struggling renters during the pandemic.
Read More »Law Firm Accuses CFPB of Unlawful Funding
According to a lawsuit filed by the New Civil Liberties Alliance, Congress unlawfully divested its legislative appropriations power when it gave CFPB the ability to draw funding directly from the Federal Reserve
Read More »Fighting Foreclosures on the Hill
In an effort to combat foreclosures for borrowers with Federal Housing Administration (FHA) mortgages, Congresswoman Maxine Waters introduced the FHA Foreclosure Prevention Act of 2019. Here's what is in the bill.
Read More »Temporary Extension Granted for National Flood Insurance Program
How long does the NFIP have until the program expires? And what happens if an extension is not reached?
Read More »Megabank CEOs Meet With Congress
CEOs of eight of the largest U.S. banks, including Bank of America, CitiGroup, and more, appeared before the House Financial Services Committee to discuss how policies and procedures have changed since the financial crisis.
Read More »National Flood Insurance Program: A New Way Forward?
With the rate of natural disasters increasing in recent years, the National Flood Insurance program requires another look.
Read More »