CFPB Concludes Consent Orders with National Bank and Mortgage Servicer
October 3, 2025 - 10:15
On September 22, 2025, the Consumer Financial Protection Bureau (CFPB) announced the termination of two significant consent orders. One order pertained to a national bank, while the other involved a prominent mortgage servicer. These consent orders were initially established to address violations related to the Home Mortgage Disclosure Act (HMDA) and the Fair Credit Reporting Act (FCRA).
The CFPB's decision to terminate these orders signals a shift in regulatory oversight for both entities. The national bank had been under scrutiny for its lending practices, which were found to be inconsistent with the HMDA requirements. Similarly, the mortgage servicer faced allegations concerning its compliance with FCRA guidelines, particularly regarding consumer credit reporting.
With the conclusion of these orders, both the bank and the mortgage servicer may now operate with greater flexibility. However, the CFPB has emphasized the importance of ongoing compliance with federal regulations, underscoring its commitment to consumer protection in the financial sector. This development marks a notable moment in the ongoing dialogue between regulatory agencies and financial institutions.
MORE NEWS
August 21, 2026 - 04:11
The financial benefits of renting your living space over buying a homeFor decades, the standard advice has been that buying a home is the smartest financial move you can make. But a growing number of housing economists and financial planners are pushing back,...
August 20, 2026 - 08:25
Citi, HSBC, StanChart adopt Ant International’s forex AI toolAnt International has rolled out an enhanced version of its artificial intelligence-driven foreign exchange tool, and it has already secured commitments from several of the world`s largest banks....
August 19, 2026 - 22:45
The Finance Stack’s Great Unbundling Has CFOs Asking What They Need to OwnThe era of the all-in-one finance suite is quietly coming to an end. For decades, the standard playbook for a large company was to buy a massive ERP system and bolt on every other financial tool...
August 19, 2026 - 04:17
New superannuation ban over 'predatory' tactics after $1 billion collapseAustralia`s financial regulator is introducing stricter measures to curb aggressive and misleading practices in the superannuation industry, following the high-profile collapse of a fund that left...