The Consumer Financial Protection Bureau (CFPB) announced on Friday that it’s rescinding a rule from the previous administration that requires nonbank financial services providers to register certain enforcement actions and court orders with a new federal database. The regulation was the target of criticism from the mortgage industry. 

In practice, the CFPB said it will not prioritize enforcement or supervision actions against entities that fail to meet upcoming deadlines, as it pursues a new rulemaking process to either repeal or narrow the existing rule. 

“The bureau will instead continue details ⇒

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