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OCC Chief Praises Mulvaney On Halting Payday Rule

PYMNTS

“I also applaud him for realigning his agency’s mission to the current needs of the nation, making its processes more transparent and fair.” Court of Appeals for the District of Columbia. We have a number of questions about the sudden reversal of the CFPB’s positions,” the letter stated.

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D.C. Circuit grants motion of U.S. for leave to file amicus brief in PHH by March 17; denies motions to intervene

CFPB Monitor

Circuit denied various motions to intervene or for reconsideration of motions to intervene as follows: The motion of the plaintiffs in State National Bank of Big Spring, Texas, et al. As we previously observed, the motion appears to signal the DOJ’s intention to support PHH rather than the CFPB. In a second order , the D.C.

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Federal DC Court Overturns Closed-End Loan HMDA Reporting Threshold

CFPB Monitor

The court noted the plaintiffs asserted “that HMDA data have been invaluable in ‘uncovering and addressing redlining, fair lending violations, and other inequitable lending practices’ over the decades.” Additionally, prior to that rule, the reporting of open-end lines of credit was optional, so there was no reporting trigger. .

DC 78