GOP lawmakers seek to repeal CFPB medical debt rule
Sen. Mike Rounds, R-S.D., has filed a Congressional Review Act resolution to repeal the Consumer Financial Protection Bureau's rule barring medical debt from credit reports.
Politics
What DOGE-driven U.S. job cuts portend for mortgage rates
Independent monetary policymakers have resisted President Trump's call to lower financing costs but could find it harder to ignore employment losses.
Trump touts economic policy despite market turmoil
President Donald Trump said he inherited an "economic catastrophe" from his predecessor in a joint address to Congress, though markets fell Tuesday on fears of a budding trade war with Canada and Mexico.
‘We need to know what’s going on:’ Judge orders new CFPB hearing
At a court hearing on Monday, lawyers for the Trump administration said statutorily required work is being done by the Consumer Financial Protection Bureau, while the union claimed the government is trying to shut the agency down.
GOP lawmakers urge Trump to pick regulatory chair at Fed
Thirty members of the Senate Banking and House Financial Services committees signed a letter petitioning the administration to name a new vice chair for supervision — and quickly.
Economists fear inflation, but not recession in 2025
A March 2025 survey by the National Association for Business Economics shows growing inflation concerns — and a diminishing chance of rate cuts — in 2025, but also optimism about avoiding a recession.
Small inflation uptick leaves Fed waiting for signal to move
The Federal Reserve's preferred inflation index showed little progress toward its target of 2%, increasing the likelihood of a prolonged rate pause.
Bill Pulte hints at cost-cutting, rule-slashing at FHFA
The grandson of the PulteGroup founder did not elaborate on plans for a much-anticipated government-sponsored enterprise exit from conservatorship.
CFPB dismisses Rocket, Vanderbilt Mortgage lawsuits
Housing finance players accused of wronging consumers slammed the lawsuits as politically motivated efforts by former Biden-era bureau director Rohit Chopra.
Justice Dept. insists ‘there will continue to be a CFPB’
The Justice Department said in a legal brief that the Consumer Financial Protection Bureau will continue to exist, but said instead that the agency will have fewer employees and a reduced budget under the Trump administration.
HUD layoff rumors swirl as FHA awaits clarity on cuts
HUD denied claims that 40% of the administration's workforce will be cut.
FDIC withdraws support for Colo. interest rate exportation law
The FDIC withdrew its amicus brief supporting Colorado's opt-out law on interest rate exportation, highlighting the agency's more fintech-friendly regulatory approach under acting Chair Travis Hill.
Why bank M&A is off to a sluggish start in 2025
Deal advisors said the Trump administration's tariff threats and the specter of inflation have given some bankers reason to pause on acquisition plans. Momentum could still mount, but uncertainty in Washington is a detriment early in the new year.
Warren, Schiff demand DOGE be removed from CFPB
While Sen. Elizabeth Warren, D-Mass., is continuing to try and save the agency she helped create, Sen. Adam Schiff, D-Calif., who benefited from crypto spending in his primary race, is a new ally.
Fed’s Bowman calls for review of Dodd-Frank reforms
Federal Reserve Gov. Michelle Bowman — who is viewed as a leading contender to be the next vice chair for supervision at the central bank — said changes to the post-financial crisis framework should be a focal point of the Fed's regulatory policy review.
Trump former DOJ lawyer Jeffrey Clark joins the CFPB
The Trump administration has installed Jeffrey Clark at the Consumer Financial Protection Bureau. Clark, a former environmental lawyer in the Justice Department in the first Trump administration, was indicted as part of the president's efforts to overturn the 2020 election.
Fannie Mae’s net income slips on lower credit-loss benefit
The enterprise failed to improve on its net income but did report a steady profit, and got closer to meeting minimum risk-based regulatory capital requirements.
Fed’s Powell warns climate change will affect housing market
Federal Reserve Chair Jerome Powell said insurance companies and banks are already pulling out of disaster-prone areas, which could pose problems.
FDIC’s McKernan gets nod to lead CFPB; Gould picked for OCC
The White House has tapped former Federal Deposit Insurance Corp. Director Jonathan McKernan to lead the Consumer Financial Protection Bureau and attorney Jonathan Gould to lead the Office of the Comptroller of the Currency late Tuesday.
Warren: Musk can ‘knock his competitors out’ with CFPB data
In comments to reporters, Sen. Elizabeth Warren, D-Mass., underscored what she said was a conflict of interest between Elon Musk's DOGE's actions at the Consumer Financial Protection Bureau and his business interests with X Money.
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