This week, a judge will hear testimony that could determine the future of the CFPB.
The Consumer Financial Protection Bureau (CFPB) has been on shaky ground for months, with President Donald Trump’s administration pushing to cut 90% of its staff.
As previously reported, last year the U.S. Department of Veterans Affairs (VA) launched a Veterans Affairs Servicing Purchase (VASP) program, which VA characterized as a “last-resort tool” for VA home loan borrowers facing severe financial hardships. Pursuant to the program, VA purchases defaulted VA loans, modifies the loans, and then places them in the VA-owned portfolio as direct loans.
On April 15, 2025, the United States Court of Appeals for the Ninth Circuit ruled in favor of the Department of Financial Protection and Innovation (DFPI) and its common-sense regulations providing protections for small businesses. In its decision, the Ninth Circuit affirmed the Central District Court of California’s order upholding the Department’s actions in the case of Small Business Finance Association (SBFA) v. DFPI.
The Office of the Comptroller of the Currency (OCC) today announced settlements with David Julian, former Chief Auditor at Wells Fargo Bank, N.A. (Bank), and Paul McLinko, former Executive Audit Director at the Bank.
Consumers are increasingly turning to debt settlement companies to assist them with managing their (growing) debt. That means lenders and servicers and debt settlement companies should be collaborating to benefit consumers.
Through collaboration and leveraging technology, lenders and servicers and debt settlement firms can craft tailored plans that cater to consumer needs, leading to better consumer outcomes.
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