August 2025

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CFPB calls GAO funding probe ‘political’ and ‘weaponized’

Bloomberg News The Consumer Financial Protection Bureau is ramping up its attacks on the Government Accountability Office, claiming the independent congressional watchdog was “politicized” for questioning acting Director Russell Vought’s decision to reject funding for the CFPB this year.  Mark Paoletta, the CFPB’s chief legal officer, sent a letter Thursday criticizing GAO for questioning Vought’s […]

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Canyon Partners inks deal helping A&D sell more mortgage bonds

Alternative asset manager Canyon Partners is committing $250 million to buy new mortgage bonds created by A&D Mortgage LLC, a partnership that will help the mortgage finance company substantially increase the pace of its bond sales.  Canyon will buy the riskiest slices of residential mortgage-backed bonds ineligible for guarantees from Fannie Mae and Freddie Mac,

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