New CFPB leadership continues its trend of dismissing prior CFPB enforcement actions against alleged corporate wrongdoers—this time against a loan company for allegedly illegally collecting student loans that have already been discharged in bankruptcy.

New CFPB leadership continues its trend of dismissing prior CFPB enforcement actions against alleged corporate wrongdoers—this time against a mortgage company for allegedly setting families up to fail when they borrowed money to buy a manufactured home, knowingly trapping people in risky loans.

New CFPB leadership continues its trend of dismissing prior CFPB enforcement actions against alleged corporate wrongdoers—this time against Rocket Mortgage for allegedly operating an unlawful kick-back scheme that provided incentives to real estate brokers and agents in exchange for steering homebuyers into more costly Rocket loans.

Read Better Markets’ statement here.

New CFPB leadership continues its trend of dismissing prior CFPB enforcement actions against alleged corporate wrongdoers—this time against a financial company that allegedly identifies borrowers who are struggling to repay their loans and then aggressively pushing them to refinance, trapping borrowers in a loan-churning scheme and often forcing them to refinance multiple times.

The SEC closed its investigation into crypto exchange Gemini Trust Co. The SEC has surrendered to the crypto industry.

Better Markets Fact Sheet: Having Won Almost 100% of Its Cases Against the Crypto Industry, the SEC Baselessly Surrenders

The SEC extended the deadline for more trades in U.S. Treasury securities to be centrally cleared, so that a central counterparty acts as the buyer to every seller and the seller to every buyer. The extension increases the risk that a single market participant’s failure could destabilize the financial system.