The CFPB on April 30, 2025, filed a joint stipulation to dismiss its appeal pending before the U.S. Court of Appeals for the Fifth Circuit regarding an agency policy that expands the scope of antidiscrimination oversight....more
5/9/2025
/ Administrative Procedure Act ,
Appeals ,
Consumer Financial Protection Bureau (CFPB) ,
Dismissals ,
Dodd-Frank ,
Enforcement Actions ,
Financial Regulatory Reform ,
Notice and Comment ,
Regulatory Authority ,
Rulemaking Process ,
Statutory Authority ,
UDAAP ,
Unfair or Deceptive Trade Practices
In connection with its regulation titled "Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)," implementing Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, 88 Fed. Reg....more
5/2/2025
/ Consumer Financial Protection Bureau (CFPB) ,
Dodd-Frank ,
ECOA ,
Enforcement Actions ,
Lenders ,
Non-Enforcement ,
Proposed Rules ,
Regulation B ,
Regulatory Reform ,
Rulemaking Process ,
Small Business ,
Small Business Loans
The CFPB will begin the process of discontinuing regulatory "guidance" and instead enforce the Administrative Procedure Act's rulemaking process. In a pair of internal memos circulated to all divisions and offices within the...more
The Consumer Financial Protection Bureau (CFPB) has revealed its intention to make changes to the small business loan data collection and reporting rule (1071 Rule) in light of continued opposition from financial institutions...more
4/10/2025
/ Biden Administration ,
Congressional Review Act ,
Consumer Financial Protection Bureau (CFPB) ,
Covered Entities ,
Dodd-Frank ,
Financial Institutions ,
Lenders ,
Loans ,
New Legislation ,
Proposed Rules ,
Regulatory Reform ,
Rulemaking Process ,
Section 1071 ,
Small Business Loans