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WASHINGTON—Will the CFPB halting its supervisory work open the door for Elon Musk to form a financial services company? And how would that affect payments competition?

WASHINGTON—Mortgage applications increased 2.3% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Feb. 7.

WASHINGTON—A U.S. Court of Appeals has temporarily paused the Consumer Financial Protection Bureau’s 1071 small-business rule and extended its compliance deadlines until further notice, the Independent Community Bankers of America reported, citing their support for the decision.

WASHINGTON--The Defense Credit Union Council Tuesday sent multiple letters to Congress advocating for key financial reforms to support small businesses, military communities, and Native American communities, the trade group reported.

JOPLIN, Mo.– The $323-million Great Plains FCU has named James Wileman president and CEO.

WASHINGTON—The vital role of credit unions as community lenders—and the changes needed to help them serve more small business needs—was a big focus this week during the House Small Business Committee hearing on Small Business Administration (SBA) programs, America’s Credit Unions reported.

WASHINGTON—The CFPB laid off 70 to 100 additional employees Thursday, according to a news report, potentially signaling the Trump Administration is clearly taking steps to dismantle the agency.

WASHINGTON—A bill introduced this week by Sen. John Kennedy (R-LA) would repeal the CFPB’s small business data collection rule under Section 1071 of Dodd-Frank, America’s Credit Unions noted.

WASHINGTON—Environmental Protection Agency (EPA) Administrator Lee Zeldin has called for a pullback of Greenhouse Gas Reduction Fund (GGRF) money, saying the agency will terminate its contract with the bank overseeing the fund money and expects the money to be returned to the Department of the Treasury, America’s Credit Unions reported.