Soon after new U.S. Treasury Secretary Scott Bessent was named acting director of the Consumer Financial Protection Bureau, he instructed bureau staff to halt all activity until it undergoes a comprehensive review. That included pausing legal proceedings in two fair lending cases.
Troy Garris, managing partner at Garris Horn, shared his insight into what that might mean for fair lending enforcement moving forward.
In a highly anticipated move, President Donald Trump fired Rohit Chopra from his post as director of the Consumer Financial Protection Bureau on Feb. 1. Trump then named newly confirmed U.S. Treasury Secretary Scott Bessant as the bureau’s acting director.
For the second time in eight years, the financial sector will witness the Consumer Financial Protection Bureau undergo a change in leadership at the hands of President Donald Trump – provided somebody wants the job.
Industry insiders share their take on what challenges the administration could be facing in finding a permanent leader for the bureau and where doing so likely ranks on its priority list.
Two former Consumer Financial Protection Bureau attorneys share their thoughts about the implications of President Donald Trump’s executive order implementing a regulatory freeze. The president directed federal agencies to halt the issuance of new regulations pending review and approval by newly installed department heads.
Pennsylvania Attorney General Michelle Henry filed a complaint against a group of mortgage brokers and their manager alleging a kickback scheme that involved real estate agents, in violation of RESPA.
The national non-profit watchdog group Housing Rights Initiative said it filed the largest housing discrimination case in Illinois history against 165 real estate agents, brokerages and landlords, accusing them of discriminating against low-income families using Section 8 vouchers.
The Consumer Financial Protection Bureau accused a mortgage company of discriminatory mortgage lending activities in an enforcement action claiming the company discouraged homebuyers in the Chicago and Boston areas from applying for mortgages in majority-minority areas.
The U.S. Department of Housing and Urban Development is charging a Providence Village, Texas, homeowners association with housing discrimination for enacting rules the agency said were designed to effectively remove Black residents who used housing choice vouchers from the community.
The U.S. Department of Housing and Urban Development and the Federal Housing Administration announced updated requirements for several of its multifamily mortgage insurance programs aimed at increasing financial flexibility and affordable housing options.
Cover Story: