Welcome to the second chapter of our annual report, Consumer Financial Services: 2025 Year in Review.
In 2025, the mortgage market saw federal enforcement efforts decrease as the Consumer Financial Protection Bureau (CFPB)...more
Welcome to the 10th chapter of our annual report, Consumer Financial Services: 2025 Year in Review.
Following a slowdown in federal oversight of the student lending environment in 2025, the compliance landscape has become...more
Welcome to the ninth chapter of our annual report, Consumer Financial Services: 2025 Year in Review.
In 2025, Goodwin tracked four public enforcement actions related to credit reporting requirements or credit monitoring or...more
Welcome to the eighth chapter of our annual report, Consumer Financial Services: 2025 Year in Review.
In 2025, the Consumer Financial Protection Bureau (CFPB) reduced its scrutiny of small-dollar lenders by publicly...more
Welcome to the sixth chapter of our annual report, Consumer Financial Services: 2025 Year in Review.
We expect financial institutions will continue to navigate a fractured regulatory landscape....more
Welcome to the fourth chapter of our annual report, Consumer Financial Services: 2025 Year in Review.
The Telephone Consumer Protection Act (TCPA) landscape in 2025 saw federal rollback, judicial overhaul, and further...more
Welcome to the 12th and final chapter of our annual report, Consumer Financial Services: 2025 Year in Review.
The U.S. Supreme Court and the U.S. Courts of Appeals issued a number of significant rulings in 2025 that reshaped...more
Welcome to the third chapter of our annual report, Consumer Financial Services: 2025 Year in Review.
Key issues to watch in 2026 include whether the Consumer Financial Protection Bureau (CFPB) finalizes its revisions to...more
Welcome to the first chapter of our annual report, Consumer Financial Services: 2025 Year in Review.
As Goodwin anticipated in our 2024 Year in Review, 2025 witnessed a fundamental shift in the consumer financial services...more
Welcome to the seventh chapter of our annual report, Consumer Financial Services: 2025 Year in Review.
As the Consumer Financial Protection Bureau (CFPB) continues to reduce its functions in 2026, we expect even fewer...more
Welcome to the fifth chapter of our annual report, Consumer Financial Services: 2025 Year in Review.
In 2026, both federal and state enforcement agencies will likely maintain aggressive stances and continue to impose...more
3/31/2026
/ Artificial Intelligence ,
Cybersecurity ,
Data Privacy ,
Data Protection ,
Enforcement Actions ,
Incident Response Plans ,
Popular ,
Regulatory Oversight ,
Regulatory Requirements ,
Risk Management ,
State Privacy Laws
Welcome to the 11th chapter of our annual report, Consumer Financial Services: 2025 Year in Review.
Building on the shifts seen in 2025 when enforcement actions decreased while the Consumer Financial Protection Bureau...more
2022 saw a flurry of regulatory activity by federal enforcement agencies — most notably, the Consumer Financial Protection Bureau (CFPB, or Bureau) — as the industry began to experience the full effects of the change in...more
2/22/2023
/ Automotive Loans ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Credit Cards ,
Credit Reports ,
Debt Collection ,
Financial Services Industry ,
FinTech ,
Mortgages ,
Payday Loans ,
Prepaid Payment Products ,
Privacy Laws ,
Student Loans
On December 20, 2022, the Consumer Financial Protection Bureau (CFPB) announced that it had entered into a consent order with a large national bank to resolve alleged violations of the Consumer Financial Protection Act’s...more
On December 22, 2022, the Consumer Financial Protection Bureau (CFPB) announced that it had reached a settlement with an international remittance company to resolve alleged violations of the Electronic Fund Transfer Act...more
On May 16, 2022, the Arizona Attorney General’s Office (Arizona AG) announced that it reached a settlement agreement with the owner of several debt collection companies regarding alleged deceptive debt collection practices in...more
On March 30, 2022, the Consumer Financial Protection Bureau (CFPB) announced that it entered into a consent order with a student-loan servicer for alleged deceptive acts and practices in violation of the CFPA, 12 U.S.C. §§...more
3/31/2022
/ Civil Monetary Penalty ,
Consent Order ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Enforcement Actions ,
Financial Services Industry ,
Loan Forgiveness ,
Loan Servicer ,
Public Service Loan Forgiveness program (PSLF program) ,
Student Loans ,
Unfair or Deceptive Trade Practices
[co-authors: Amelie Hopkins, and Collin Grier]
The year 2021 started with the hope of COVID-19 vaccines and a return to (relative) normalcy, only to conclude with new variants that presented new challenges and extended...more
2/23/2022
/ AMG Capital Management LLC v FTC ,
Automotive Loans ,
Banking Sector ,
Borrowers ,
Collins v Yellin ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Act ,
Credit Reporting Agencies ,
Credit Reports ,
Creditors ,
Debit and Credit Card Transactions ,
Debt Collection ,
Debtors ,
Dodd-Frank ,
Enforcement Actions ,
Financial Services Industry ,
FinTech ,
Lenders ,
Loan Servicing ,
Mortgage Loan Originators ,
Mortgage Servicers ,
Payday Loans ,
Prepaid Payment Products ,
SCOTUS ,
Settlement ,
Small Dollar Lenders ,
Student Loans ,
TCPA ,
TransUnion LLC v Ramirez
On September 8, 2021 the Consumer Financial Protection Bureau (CFPB) announced that it filed a complaint against an online lender for alleged violations of a 2016 consent order, the Consumer Financial Protection Act (CFPA),...more
On June 17, 2021, the Connecticut General Assembly voted to approve the Responsible & Equitable Regulation of Adult-Use Cannabis Act (the “Act”). With Governor Ned Lamont’s signature expected today, Connecticut will become...more
6/22/2021
/ Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Criminal Justice Reform ,
Decriminalization of Marijuana ,
Dispensaries ,
License Fees ,
Licensing Rules ,
Marijuana ,
Marijuana Related Businesses ,
Recreational Use ,
Sales Tax ,
Social Equity Programs ,
State Taxes