CFPB Director Rohit Chopra praised the mortgage borrowing standards implemented by the CFPB following the 2008 financial crisis. He claimed that recent court cases raising questions about the legitimacy of the CFPB's regulations were "destabilizing" to the housing system.
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The Supreme Court will review a Fifth Circuit ruling that the CFPB "funding mechanism" violates the Constitution's separation of powers clause.
The CFPB finalized amendments to its Rules of Practice for Adjudication Proceedings to (i) allow parties to conduct depositions of potential witnesses and (ii) allow for bifurcation of cases with court approval.
Multiple regulatory agencies published semiannual agendas that include rules the agencies are currently considering to propose or promulgate.
The FDIC refuted a joint statement made by CFPB Director Rohit Chopra and FDIC Board member Martin J. Gruenberg that the FDIC Board had approved a request for information and comment on bank merger transaction rules, guidance and statements.