Finance

Warren Seeks Info From Trump Administration on ‘Zombie’ Loans

In a letter addressed to Russell Vought, the senator asked about the status of Consumer Financial Protection Bureau investigations into companies that collected the old second mortgages.

The seal of the US Consumer Financial Protection Bureau (CFPB) at its headquarters in Washington, DC, US, on Sunday, Feb. 9, 2025. Consumer Financial Protection Bureau acting Director Russell Vought expanded a pause on the agency’s operations to include its examinations of internal records at big banks, fintechs, and other companies and its enforcement investigations.Photographer: Stefani Reynolds/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Noah Buhayar and Coulter Jones

April 1, 2026 at 10:00 AM UTC

Senator Elizabeth Warren, a Democrat from Massachusetts, asked the Trump administration for details on its work investigating and regulating collections of “zombie” second mortgages, old loans that homeowners hadn’t heard from lenders about in years before being hit with huge bills.

In a letter sent Tuesday to acting Consumer Financial Protection Bureau Director Russell Vought, Warren called the administration’s approach to the issue a “dereliction of its duty” and said she remained concerned for Americans at risk of losing their houses to debt collectors that revive the loans.