Evan Weinberger

4 days ago | news.bloomberglaw.com | Evan Weinberger |Paige Smith

The Consumer Financial Protection Bureau cut short a five-year agreement with Bank of America Corp. over the bank’s alleged submission of false mortgage data as the significantly curtailed government agency rolls back a bevy of settlements, ending the monitoring of BofA more than three years early. The bank “fulfilled the obligations” of the agreement signed in November 2023, including paying a $12 million civil money penalty, and the pact was terminated on June 4, according to a CFPB filing.

4 days ago | bloomberg.com | Evan Weinberger |Paige Smith

A Bank of America branch in Austin, Texas. (Bloomberg) -- The Consumer Financial Protection Bureau cut short a five-year agreement with Bank of America Corp. over the bank’s alleged submission of false mortgage data as the significantly curtailed government agency rolls back a bevy of settlements, ending the monitoring of BofA more than three years early.

1 week ago | news.bloomberglaw.com | Evan Weinberger

June 21, 2025, 2:48 PM UTC Evan Weinberger Correspondent Signage outside the Office of the Comptroller of the Currency headquarters in Washington, D.C., on Jan. 30, 2023. Photographer: Ting Shen/Bloomberg Congress voted to repeal Biden-era rule in May2024 rule was part of Biden administration’s antitrust pushPresident Donald Trump officially eliminated a Biden-era rule that called for stricter federal reviews of some bank mergers. Trump on Friday signed a resolution (S. J. Res.

1 week ago | news.bloomberglaw.com | Evan Weinberger

The Trump administration failed to consider whether the National Credit Union Administration would be able to function before firing two Democratic members on the agency’s three-person board, key Democratic lawmakers said. The sole remaining member—NCUA Chairman Kyle Hauptman, a Trump appointee—can carry out some “essential” functions on his own under agency policies, but it’s unclear which actions meet that standard, Sen. Elizabeth Warren (D-Mass.) and Rep.

1 week ago | news.bloombergtax.com | Evan Weinberger

A Biden-era requirement for lenders to report the demographics of small business borrowers would be delayed by about a year and other rules would be rolled back under the latest policy changes posted by the Consumer Financial Protection Bureau.