Consumer lending

What the big, beautiful bill now has in store for the CFPB

What the big, beautiful bill now has in store for the CFPB

Senate Banking Committee Chair Tim Scott, R-S.C., left, and committee ranking member Elizabeth Warren, D-Mass.Bloomberg News WASHINGTON — Senate Banking Republicans can go ahead with cuts to the Consumer Financial Protection Bureau’s funding after the Senate parliamentarian approved nearly halving the amount that the bureau can draw from the Fed’s total operating budget.  Last week, […]

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DOJ seeks early end to NJ bank’s redlining consent order

DOJ seeks early end to NJ bank’s redlining consent order

Graeme Sloan/Bloomberg The Department of Justice, which recently terminated one Biden-era fair lending consent order, is now pushing to free another bank from its obligations under a three-year-old redlining settlement. The DOJ filed an unopposed motion last week asking a federal judge to dismiss the department’s consent order with New Jersey-based Lakeland Bank more than

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