As we have previously reported, a lawsuit was brought early this year by the unions representing CFPB employees against Acting CFPB Director Vought and the CFPB in the DC District Court.
The Court months ago enjoined the...more
12/15/2025
/ Amicus Briefs ,
Consumer Financial Protection Bureau (CFPB) ,
Department of Justice (DOJ) ,
Dodd-Frank ,
Federal Funding ,
Federal Reserve ,
Judicial Authority ,
Preliminary Injunctions ,
Regulatory Oversight ,
Statutory Interpretation ,
Unions
On December 5, 2025, Rise Economy, the National Reinvestment Coalition and the Woodstock Institute filed a lawsuit against the CFPB and its Acting Director Russell Vought in the Federal District Court for the Northern...more
The Supreme Court should abandon a 90-year-old precedent and decide that President Trump should be permitted to fire Rebecca Slaughter from the Federal Trade Commission without cause, Solicitor General D. John Sauer told the...more
12/11/2025
/ Administrative Agencies ,
Appointments Clause ,
Article II ,
Constitutional Challenges ,
Executive Authority ,
Federal Trade Commission (FTC) ,
Regulatory Agencies ,
Removal For-Cause ,
SCOTUS ,
Separation of Powers ,
Trump Administration
In Fiscal Year 2026, ending September 30, 2026, the CFPB will need $279.6 million just to maintain its activities that are required by law, Bureau Acting Director Russell Vought wrote in letters to House and Senate...more
The Trump Administration is ordering all CFPB examiners to read a “Humility Pledge” to officials at supervised entities before conducting exams.
In making the announcement, CFPB officials sharply criticized the Biden...more
12/3/2025
/ Banks ,
Biden Administration ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Enforcement Priorities ,
Examination Procedures ,
Financial Services Industry ,
Government Agencies ,
New Guidance ,
Non-Bank Lenders ,
Nonbank Firms ,
Regulatory Oversight ,
Regulatory Reform ,
Supervision ,
Trump Administration
The CFPB is transferring all of its pending litigation to the Justice Department as a result of the funding crisis the Trump Administration has said the bureau faces, several news organizations have reported.
In addition,...more
11/24/2025
/ Consumer Financial Protection Bureau (CFPB) ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Federal Funding ,
Federal Reserve ,
Furloughs ,
Government Agencies ,
Government Shutdown ,
Mortgage Lenders ,
Pending Litigation ,
Regulatory Oversight ,
Trump Administration
As previously reported, the CFPB is proposing major changes to its 2023 final rule that would require financial institutions to report information contained in loan applications submitted by small businesses, including...more
11/21/2025
/ Compliance Dates ,
Consumer Financial Protection Bureau (CFPB) ,
Data Collection ,
Dodd-Frank ,
Farm Credit Administration ,
Financial Institutions ,
Lenders ,
Loan Applications ,
Loans ,
Notice of Proposed Rulemaking (NOPR) ,
Proposed Rules ,
Reporting Requirements ,
Section 1071 ,
Small Business ,
Small Business Loans
The CFPB has issued a proposed rule that would make substantial changes to Regulation B under the Equal Credit Opportunity Act (ECOA). In one of the most significant changes, the bureau has preliminary determined that...more
11/20/2025
/ Comment Period ,
Constitutional Challenges ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Discrimination ,
Discriminatory Lending Practices ,
Disparate Impact ,
ECOA ,
Fair Lending ,
Proposed Rules ,
Regulation B ,
Special Purpose Credit Programs
On November 10, 2025, the U.S. Court of Appeals for the Tenth Circuit, in a 2–1 decision, issued its opinion in National Association of Industrial Bankers et al. v. Weiser.
In resolving what it described as “an issue of...more
11/19/2025
/ Appeals ,
Banking Sector ,
Borrowers ,
Depository Institutions ,
DIDMCA ,
Dissenting Opinions ,
FDIA ,
FDIC ,
Federal v State Law Application ,
Financial Institutions ,
FinTech ,
Interest Rates ,
Lenders ,
Loans ,
National Bank Act ,
Preemption ,
State Banks ,
State Legislatures ,
Statutory Interpretation ,
Usury
Effective October 29, 2025, the CFPB finalized its rule, published at 90 Fed. Reg. 48737-60, rescinding certain amendments to the rules made on February 22, 2022 and on March 29, 2023 (collectively, the 2022 and 2023...more
11/17/2025
/ Administrative Procedure Act ,
Administrative Proceedings ,
Comment Period ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Filing Deadlines ,
Final Rules ,
Notice of Proposed Rulemaking (NOPR) ,
Proposed Rules ,
Regulatory Oversight ,
Regulatory Reform ,
Rescission ,
Rulemaking Process ,
Statutory Authority
On October 29, 2025, CFPB withdrew its proposed rule titled Registry of Supervised Nonbanks That Use Form Contracts To Impose Terms and Conditions That Seek To Waive or Limit Consumer Legal Protections, which was published on...more
11/17/2025
/ Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Contract Terms ,
Final Rules ,
Non-Bank Lenders ,
Notice of Proposed Rulemaking (NOPR) ,
Proposed Rules ,
Registration Requirement ,
Regulatory Oversight ,
Regulatory Requirements ,
Reporting Requirements
Effective October 27, 2025, the CFPB rescinded the amendments to the Procedures for Supervisory Designation Proceedings that it adopted in April 2022, November 2022, and April 2024, , with the exception of some limited...more
The CFPB is proposing major changes to its final rule that would require financial institutions to report information contained in loan applications submitted by small businesses, including women-owned and minority-owned...more
11/14/2025
/ Comment Period ,
Compliance Dates ,
Consumer Financial Protection Bureau (CFPB) ,
Data Collection ,
Fair Lending ,
Lenders ,
Loan Applications ,
Loans ,
Proposed Rules ,
Reporting Requirements ,
Section 1071 ,
Small Business ,
Women-Owned Businesses
The CFPB is running out of money and has no legal way to replenish its coffers, absent Congressional appropriation, the Trump Administration told a federal court.
The bureau “anticipates exhausting its currently available...more
The CFPB has formally rescinded its rule creating a registry for nonbank enforcement actions.
The rule, proposed during the Biden Administration, would have required certain nonbank entities to register certain covered...more
Democrats on the Senate Banking, Housing and Urban Affairs Committee are accusing Acting CFPB Director Russell Vought of trying to shut down the CFPB by starving it of funding....more
The CFPB has issued an interpretive rule that says the federal Fair Credit Reporting Act (FCRA) preempts states from regulating broad areas of credit reporting.
...more
10/30/2025
/ Biden Administration ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Reporting Agencies ,
Credit Reports ,
Fair Credit Reporting Act (FCRA) ,
Federal v State Law Application ,
Financial Services Industry ,
Interpretive Rule ,
Preemption ,
Statutory Interpretation ,
Trump Administration
The NCUA has issued a Notice of Proposed Rulemaking to codify the elimination of reputational risk from its supervisory program, becoming the latest federal financial regulator to do so. ...more
10/29/2025
/ Credit Unions ,
Executive Orders ,
Financial Institutions ,
Financial Services Industry ,
Government Agencies ,
NCUA ,
NPRM ,
Proposed Rules ,
Regulatory Oversight ,
Regulatory Reform ,
Risk Management ,
Rulemaking Process ,
Supervision ,
Supervisory Guidance
Contending that it cannot abolish the CFPB on its own, the Trump Administration said that the union arguing that such a plan exists should not be entitled to an en banc hearing before an appeals court....more
10/23/2025
/ Administrative Procedure Act ,
Appeals ,
Constitutional Challenges ,
Consumer Financial Protection Bureau (CFPB) ,
Department of Justice (DOJ) ,
En Banc Review ,
Executive Branch ,
Judicial Authority ,
Layoffs ,
Removal For-Cause ,
Trump Administration ,
Unions
A federal appeals court has rejected the Trump Administration’s request to delay its response to an en banc hearing request in the lawsuit challenging the mass firings at the CFPB due to the government shutdown....more
10/21/2025
/ Administrative Appeals ,
Appeals ,
Consumer Financial Protection Bureau (CFPB) ,
Department of Justice (DOJ) ,
En Banc Review ,
Federal Court Litigation ,
Federal Employees ,
Government Agencies ,
Government Shutdown ,
Hiring & Firing ,
Layoffs ,
Removal For-Cause ,
Trump Administration ,
Unions
Financial institutions may continue to make loans that would otherwise be subject to federal flood insurance statutes even though the authorization for the National Flood Insurance Program (NFIP) has lapsed, federal financial...more
10/20/2025
/ Banks ,
Consumer Financial Products ,
Financial Institutions ,
Financial Services Industry ,
Flood Insurance ,
Insurance Regulations ,
Lenders ,
Loans ,
Mortgages ,
National Flood Insurance Program ,
New Guidance ,
Regulatory Requirements ,
Risk Management
NCUA Chairman Kyle S. Hauptman said that through the issuance of a policy statement he is reenforcing an agency policy to prohibit officials from setting new policy through enforcement actions....more
Saying that the federal government shutdown makes it impossible for them to work on the case, Justice Department attorneys are asking a federal appeals court to delay its response to a request for an en banc hearing in the...more
10/14/2025
/ Appeals ,
Appellate Courts ,
Constitutional Challenges ,
Consumer Financial Protection Bureau (CFPB) ,
Department of Justice (DOJ) ,
En Banc Review ,
Federal Employees ,
Federal Funding ,
Filing Deadlines ,
Government Shutdown ,
Hiring & Firing ,
Litigation Strategies ,
Removal For-Cause ,
Trump Administration
As the government shutdown drags on, some financial services programs—particularly housing programs– are being affected. ...more
10/9/2025
/ Consumer Financial Protection Bureau (CFPB) ,
Department of Veterans Affairs ,
FDIC ,
Federal Housing Administration (FHA) ,
Federal Reserve ,
Financial Services Industry ,
Ginnie Mae ,
Government Agencies ,
Government Shutdown ,
National Flood Insurance Program ,
NCUA ,
OCC ,
Regulatory Oversight ,
Social Security Administration (SSA) ,
Trump Administration
As previously reported, in June 2025 the CFPB issued an interim final rule extending the compliance dates for the section 1071 small business data collection and reporting rule. The CFPB has now issued a final rule with the...more
10/3/2025
/ Administrative Procedure Act ,
Compliance Dates ,
Consumer Financial Protection Bureau (CFPB) ,
Data Collection ,
Final Rules ,
Interim Final Rules (IFR) ,
Notice of Proposed Rulemaking (NOPR) ,
Reporting Requirements ,
Section 1071 ,
Small Business ,
Small Business Loans ,
Stays