Back to top
Join us on LinkedIn Follow us on Twitter Like us on Facebook Follow us on Instagram
 
  OCTOBER RESEARCH STORE Already a subscriber? LOG IN
AddControlToContainer_DynamicNavigation5

This Week in Washington

Senators ask CFPB acting director to explain reason behind mass deletion of website content

Email A Friend Printer Friendly Version
0 comments
This Week in Washington
Monday, July 6, 2026

Sens. Elizabeth Warren (D-Mass.), ranking member of the Committee on Banking, Housing, and Urban Affairs, Raphael Warnock (D-Ga.), Andy Kim (D-N.J.) and Lisa Blunt Rochester (D-Del.) recently wrote to Consumer Financial Protection Bureau (CFPB) Acting Director Russell Vought, pressing for additional information on the deletion of almost 15 years of content from the CFPB website — including all press releases, testimony and speeches published before President Trump’s second term, as well as consumer advisories, notices of settlements on behalf of consumers, original research and major reports.

In May 2026, the CFPB deleted website pages and newsroom items published before February 2025.

According to the senators’ letter, “These deleted pages provided crucial information that helped Americans protect themselves against unfair, deceptive and abusive practices — and also served as a repository of corporate predatory behavior. You [Vought] have erased a source of records of abusive corporate conduct that underpinned the CFPB’s decisions under prior administrations to levy enforcement actions against those lawbreaking companies.”

The letter noted that the CFPB has dismissed or terminated at least 42 enforcement actions against banks, tech firms and other corporations since February 2025. Dismissed lawsuits involved major industry players such as J.P. Mortgage Chase and Bank of America, while terminated orders involved companies like Navy Federal Credit Union.

In addition, consumer advisories were removed from the website, including an overview of predatory practices associated with loans.

The CFPB also removed all 35 Supervisory Highlights reports, which summarized the bureau’s supervision of financial institutions and included anonymized descriptions of the supervisory actions from each administration dating back to 2012.

The letter noted that even though the Federal Records Act prohibits the CFPB from destroying internal databases, current employees have stated that all information deleted from the website “seems[s] to have [been] destroyed.” In 2025, a federal district court also barred the CFPB from “destroying records and deleting data.”

“The impact of this deletion is extensive,” the letter stated. “Prior CFPB documentation identified the importance of the agency as a ‘trusted source of financial research and educational resources’ and individuals from non-profits, think tanks and government all identified the website as a valuable tool with resources that assisted their day-to-day work.”

According to the letter, the CFPB’s website lists “vague acknowledgement of the removal of pages and directs users to an externally hosted archive to access deleted content. This archive is not a replacement for a federal government website.”

“By effectively deleting 15 years’ worth of information generated by the CFPB, you [Vought] are cutting off a secure and trustworthy source of knowledge for millions of people, including consumers, private sector and government employees, and regulators,” the letter stated.

The senators asked the CFPB to provide the following information by July 2:

  • Provide a list of all records, including duplicate records, that were removed from the CFPB’s website and the associated record schedule, and explain where the original record is preserved.
  • Explain the reasoning behind the mass removal and deletion of the website content?
  • Explain who was responsible for deciding what content was removed from the blog section and newsroom section of the CFPB website and the removal of the Supervisory Highlights reports, and explain the evaluation and decision-making process of removing content.
  • List all consumer settlement notices removed along with the reasoning for removing them.
  • List all consumer advisories removed along with the reasoning for removing them.
  • Provide information on upcoming consumer advisory notices the bureau plans to publish.
  • List all supervisory information, including information contained in Supervisory Highlights reports along with the reasoning for removing them.
  • Will the CFPB continue to publish Supervisory Highlights reports going forward? If so, provide information on the timing and content, including how the bureau plans to convey supervisory priorities and summaries of actions taken.
  • Does the CFPB plan to delete any other content from its website? If so, list which content and the reasoning behind the deletion.
  • Were any alternatives to removing the content, such as archiving the content on the CFPB website itself, considered? If so, provide information on all alternatives considered and please share why the content was removed instead.
Today's other top stories
CoStar, brokers sued for alleged ‘hub-and-spoke’ conspiracy, anticompetitive practices
Two defendants accused of RICO violations are dropped from Zillow class action
Navigating today’s business under 50-year-old RESPA
Court considers servicer’s motion for summary judgment for alleged RESPA violations
HUD, VA announced $33M in funding to aid homeless veterans


COMMENT BOX DISCLAIMER:
October Research is not responsible for the comments posted on its websites by readers. We will do our best to remove comments that include profanity or personal attacks or other inappropriate comments.
Comments:

Be the first to leave a comment.

Leave your comment
Please enter a comment.
CAPTCHA Validation
CAPTCHA
Code:
Please enter the word displayed in the image above. Please enter the word displayed in the image above.
: 
Please enter your name.
: 
Please enter your email address.
This field must contain a valid email address.
Your Email is for reporting purposes only. It will NOT be displayed.
Popularity:
This article has been viewed 156 times.

Monthly Newsletter

RESPA News Monthly
July 2026

Cover Story:

RESPert Marx Sterbcow speaks on MLS changes, RESPA compliance


News by Topic   News by Edition   Reports   Events   Subscribe
All Rise
Case Law
Enforcement Update
Industry News
Legislation
Regulatory News
The Week in Washington
The TRID Journey
TILA News
 
 
RESPA News Monthly
May 2026
RESPA News Monthly
June 2026
RESPA News Monthly
July 2026
Archives
 
Housing Inventory Solutions
2026 State of the Industry
Adapting to NAR Settlement's New Realities
Real Estate Compliance Outlook
The ABCs of RESPA
Fair Lending
Archives
 
 
National Settlement Services Summit (NS3)
Women's Leadership Summit (WLS)
Webinars
 
Subscriptions
Free Email Updates
Try a Free Edition
Library       RESPA Defined   About   Other Publications
NAR Settlement Resources
Affiliated Compliance
Blog - Tuesdays with Mary
Case Law
CFPB Guidance Documents
Enforcement Documents
Federal and State Legislation
Federal Register Notices
HUD's FAQ's - General
HUD's RESPA final rule FAQs
 
Keys to Real Estate Podcast
Model Disclosure Forms
Other Guidance Documents
Position Papers
Proposed Disclosure Forms
Proposed Rules and Regulations
Settlement Agreements
Statements of Policy
Studies and Proposals
 
Timeline of revisions
Disclosure requirements
Prohibited practices
RESPA enforcement
Dodd-Frank Amendments
Current Issues
The RESPA Statute
 
RESPA News
Contact / Editors
Advertise
Request a Media Kit
Social Media
Are You An Expert?
Subscriber Agreement
 
The Title Report
The Legal Description
Dodd Frank Upate
Copyright © 2005-2026 RESPA News
An October Research, LLC publication
3046 Brecksville Road, Suite D, Richfield, OH 44286
(330) 659-6101, All Rights Reserved
www.respanews.com | Privacy Policy
VISIT OUR OTHER WEBSITES
> Dodd Frank Update
> The Legal Description
> The Title Report
> NS3 The Summit
> Women's Leadership Summit
> October Research, LLC
> The October Store


Loading... Loading...
12 USC Section 2605 or Section 6 is titled Servicing of mortgage loans and administration of escrow accounts. It pertains to qualified written requests, notices of transfer of servicing and the administration of escrow accounts.
An arrangement that involves a person who is in a position to refer business as part of a real estate settlement service and who has an interest in a settlement services provider.

In the arrangement, the person, who has either an affiliate relationship with or a direct or beneficial ownership interest of more than one percent in a settlement services provider, directly or indirectly refers business to that provider or influences a consumer to select that provider.
An arrangement that involves a person who is in a position to refer business as part of a real estate settlement service and who has an interest in a settlement services provider.

In the arrangement, the person, who has either an affiliate relationship with or a direct or beneficial ownership interest of more than one percent in a settlement services provider, directly or indirectly refers business to that provider or influences a consumer to select that provider.
A mortgage disclosure that lists all estimated charges and fees associated with your loan. In addition to fees and charges, it will list your loan amount, mortgage rate, loan term and estimated monthly payment. Your escrows due at closing for insurance and taxes will also be outlined. Mortgage lenders are legally required to provide a GFE within three days of receiving your application.
A mortgage disclosure that lists all estimated charges and fees associated with your loan. In addition to fees and charges, it will list your loan amount, mortgage rate, loan term and estimated monthly payment. Your escrows due at closing for insurance and taxes will also be outlined. Mortgage lenders are legally required to provide a GFE within three days of receiving your application.
Under RESPA Section 2605(e)(1)(B), a qualified written request is a written correspondence that includes: 1) the name and account of the borrower, or has enough information to allow the servicer identify that information; and 2) a statement of the reasons for the belief of the borrower that the account is in error or provides sufficient detail to the servicer regarding other information sought by the borrower.

A QWR cannot be written on a payment coupon or other payment medium supplied by the servicer.
Under RESPA Section 2605(e)(1)(B), a qualified written request is a written correspondence that includes: 1) the name and account of the borrower, or has enough information to allow the servicer identify that information; and 2) a statement of the reasons for the belief of the borrower that the account is in error or provides sufficient detail to the servicer regarding other information sought by the borrower.

A QWR cannot be written on a payment coupon or other payment medium supplied by the servicer.
12 USC Section 2609 or Section 10 is titled Limitation on requirement of advance deposits in escrow accounts. It governs escrow accounts including notifications and statements to borrowers. Section 10 also sets out penalties for those who violate the section.
RESPA Section 3 provides that a thing of value includes any payment, advance, funds, loan, service or other consideration

Regulation X says thing of value includes: monies, things, discounts, salaries, commissions, fees, duplicate payments of a charge, stock, dividends, distributions of partnership profits, franchise royalties, credits representing monies that may be paid at a future date, the opportunity to participate in a money-making program, retained or increased earnings, increased equity in a parent or subsidiary entity, special bank deposits or accounts, special or unusual banking terms, services of all types at special or free rates, sales or rentals at special prices or rates, lease or rental payments based in whole or in part on the amount of business referred, trips and payment of another person’s expenses or reduction in credit against an existing obligation.
A form used by a settlement or closing agent itemizing all charges imposed on a borrower and seller in a real estate transaction. This form represents the closing transaction and provides each party with a complete list of incoming and outgoing funds. RESPA requires the HUD-1 to be used as the standard real estate settlement form in all transactions in the U.S. involving federally related mortgage loans.
Featuring:
  • Delivery 3X a week plus breaking news as it happens
  • Comprehensive title insurance industry news
  • Recent acquisitions, mergers, real estate stats
  • Exclusive in-depth coverage of the industry's hottest stories
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Comprehensive Dodd-Frank coverage
  • The latest information from the CFPB
  • Full coverage of Congressional hearings
  • Updates on all agency actions
  • Analysis of controversial provisions
  • Release of newest studies and reports
Sign up today and...
  • Be one of the first to know where NS3 is being held
  • Learn about NS3 speakers and sessions
  • Save on registration with Super-Early Bird rates
  • Discover the networking opportunities NS3 offers
  • Find out if CE credits will be offered for your area
  • And much more
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Preview the latest RESPAnews.com Top Story
  • RESPA related headline news
  • Quote of the Week
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Legal, regulatory and legislative information impacting the settlement services industry
  • News from HUD, Congress, state legislatures and other regulatory agencies
  • Follow the lobbying efforts of all the major national real estate services organizations.
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • The industry's only full-time newsroom
  • Relevant, up-to-date appraisal industry news
  • Covering the hottest stories and industry trends
NEWS BY TOPIC
NEWS BY EDITION
REPORTS
WEBINARS
EVENTS
LIBRARY
FREE EMAIL NEWS
ABOUT
SUBSCRIBE
All Rise
Case Law
Conference Coverage
Enforcement Update
Industry News
Legislation
Regulatory News
This Week in Washington
The TRID Journey
TILA News
Current Edition
June 2026
May 2026
April 2026
Archives
NEW Housing Inventory Solutions
2026 State of the Industry
NAR Settlement's New Realities
Real Estate Compliance Outlook
The ABCs of RESPA
Archives
NEW Life After RESPA
NEW Next-Level Leadership
2026 Economic Outlook Series
Evolving Realtor Relationships
FinCEN Real Estate Report Demo
2026 Industry and Regulatory Outlook
RESPA Review: Navigating Multi-level Oversight
Evolving Technology
AI-Driven Innovation
FinCEN's Residential Rule Explained
Webinar Archives
National Settlement
Services Summit (NS3)
Women's Leadership
Summit (WLS)
Housing Inventory & Attainability Watch
Podcast - Keys to Real Estate
NAR Settlement Resources
Blog - Tuesdays with Mary
Cyber Solutions Showcase
Executive Interview Series
eClosing Solutions Showcase
RESPA DEFINED
Affiliated Compliance
Case Law
Disclosure Forms
Enforcement
Federal and State Legislation
Guidance Documents
HUD's FAQ's - General
HUD's RESPA final rule FAQs
In-Depth Reports
Position Papers and Studies
Rules and Regulations
Timeline of revisions
Disclosure requirements
Prohibited practices
RESPA enforcement
Dodd-Frank Amendments
RESPA Glossary
Current Issues
The RESPA Statute
Model Disclosure Forms
Proposed Disclosure Forms
Enforcement Documents
Settlement Agreements
CFPB Guidance Documents
Other Guidance Documents
Statements of Policy
Position Papers
Studies and Proposals
Federal Register Notices
Proposed Rules and Regulations
RESPA News
Contact Us
Advertise
Request a Media Kit
Social Media
Are You An Expert?
Subscriber Agreement
Try a Free Edition