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CFPB Seeks to Vacate Redlining Settlement with Townstone Financial

CFPB Seeks to Vacate Redlining Settlement with Townstone Financial

by Phil Hall | Mar 27, 2025 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) is seeking to vacate its $105,000 settlement of redlining charges against nonbank mortgage lender and broker Townstone Financial Inc. The settlement followed a protracted litigation that began in 2020 under the first...
CFPB Seeks to Vacate Redlining Settlement with Townstone Financial

CFPB Acting Director Vought Says White House Will Not Shut Down the Agency

by Phil Hall | Feb 25, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

The Trump administration has stated it will retain the Consumer Financial Protection Bureau (CFBP) in a streamlined realignment and does not plan to shut down the agency. Politico reports on a motion filed by Acting CFPB Director Russ Vought late Monday in federal...
Judge Halts Mass Firings at CFPB

Judge Halts Mass Firings at CFPB

by Phil Hall | Feb 15, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

A federal judge issued an order on Friday evening that temporarily halted the Trump administration from firing employees at the Consumer Financial Protection Bureau (CFPB) without cause and from issuing a reduction-in-force notice for the agency. According to combined...
CFPB Seeks to Vacate Redlining Settlement with Townstone Financial

Vought Pauses Defunding of CFPB Following Lawsuit

by Phil Hall | Feb 14, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

Acting Consumer Financial Protection Bureau (CFPB) Director Russell Vought has agreed to temporarily halt his plans to stop the funding of the agency for at least two weeks following a court challenge over whether he has the authority to take such an action. According...
Trump Nominates Jonathan McKernan to Become CFPB Director

Trump Nominates Jonathan McKernan to Become CFPB Director

by Phil Hall | Feb 12, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

President Trump has nominated Jonathan McKernan to become director of the Consumer Financial Protection Bureau (CFPB). McKernan stepped down from the board of directors of the Federal Deposit Insurance Corporation to be considered for the CFPB directorship. McKernan...
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