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
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OCC, FDIC eliminating ‘reputational risk’ from supervision, examinations
The OCC has removed “reputational risk” from its handbooks and guidance and the FDIC is moving to do the same.
The OCC’s decision supports “the OCC’s mission and its supervisory objectives to ensure that banks have appropriate and strong risk…
Today’s podcast episode: Private Civil Consumer Financial Services Litigation to Partially Fill CFPB Void – Part 1
The podcast we are releasing today is part 1 of a re-purposed webinar we produced on March 25 titled “The Impact of the Election on the CFPB – Part 4.” As a result of the diminishing impact of the CFPB…
HUD further revises servicing and claims requirements and loss mitigation options
Trump Administration appeals ruling that blocked CFPB firings

The Trump Administration has appealed an order by a federal District Court Judge blocking the CFPB from firing 1483 employees effective in June 2025 and cutting off their access to CFPB work systems on April 18, 2025.
Judge Amy Berman…
Judge bars CFPB mass firings
The judge who barred the Trump Administration from dismantling the CFPB says the agency cannot implement plans to fire the majority of the bureau’s employees at this stage.
During a hearing on April 18, Judge Amy Berman Jackson said she…
Judge Jackson schedules hearing for 11:00 AM today regarding mass layoffs at the CFPB
It was reported last night that the CFPB had laid off about 90% of its staff. This came on the heels of the CFPB providing each of its employees with its 2025 Supervisory and Enforcement Priorities which calls for a…
CFPB rescinds enforcement, supervisory priority documents, outlines new priorities for 2025
The CFPB is rescinding its existing enforcement and supervision priority documents, according to a memo sent to bureau staff by CFPB Chief Legal Officer Mark Paoletta.
The CFPB will focus its enforcement and supervision resources on pressing threats to consumers,…
Today’s podcast episode: Everything You Want to Know About the CFPB as Things Stand Today, and Lots More – Part 2
Our podcast show being released today is part 2 of a repurposed interactive webinar that we presented on March 24 featuring two of the leading journalists who cover the CFPB – Jon Hill from Law360 and Evan Weinberger from Bloomberg.…
Federal Judge voids CFPB credit card late fee rule
At the request of both sides of the lawsuit, a federal judge has voided the CFPB’s credit card late fee rule.
“The parties agree that, in the Late Fee Rule, the Bureau violated the CARD Act by failing to allow…