In a series of hearings in the D.C. District Court, the union representing employees of the Consumer Financial Protection Bureau pleaded their case to end the work stoppage initiated by acting director Russ Vought and asked that the bureau be placed under a “judicially managed receivership.”
A pair of former CFPB senior counsels shared their take on recent developments within the agency.
Jonathan McKernan, the Trump administration’s nominee to become the next permanent director of the Consumer Financial Protection Bureau, faced some unique lines of questioning during his confirmation hearing, including how he plans to lead an agency the administration seems to be trying to dismantle.
The Consumer Financial Protection Bureau dropped its December 2024 complaint against Rocket Homes Real Estate, JMG Holding Partners LLC, and the firm’s owner that alleged they violated RESPA by participating in a kickback scheme involving referrals and steering homebuyers toward Rocket Mortgage.
A former CFPB attorney shares what the bureau’s decision could mean for RESPA Section 8 enforcement moving forward.
U.S. Department of Housing and Urban Development Secretary Scott Turner announced the agency will attempt to cut “costly red tape” by stopping enforcement of the 2021 Affirmatively Furthering Fair Housing rule, calling it a “zoning tax” imposed on localities.
The Federal Housing Administration issued a temporary partial regulatory waiver and related Single Family Housing Policy Handbook 4000.1 waiver of its minimum property standards requirements regarding drainage and flood hazard exposure.
The Consumer Financial Protection Bureau dismissed its December 2024 complaint against Rocket Homes Real Estate, JMG Holding Partners LLC, (which does business as The Jason Mitchell Group) and the firm’s owner that alleged they violated RESPA by participating in a kickback scheme involving referrals and steering homebuyers toward Rocket Mortgage.
Massachusetts Attorney General Andrea Joy Campbell filed suit against a Boston-based home equity investment company alleging the company violated the state’s mortgage and foreclosure prevention laws by collecting unlawfully high interest, offering mortgage loans without adequate underwriting, offering illegal reverse mortgages and concealing the high cost and nature of its product.
The Federal Trade Commission and the Colorado attorney general filed a complaint against Greystar Real Estate Partners, LLC, the country’s largest multi-family rental property manager, alleging it deceived customers about rent prices by tacking hidden fees onto advertised prices.
Cover Story: