News & Analysis as of

Consumer Financial Protection Act (CFPA) Consumer Financial Protection Bureau (CFPB)

Orrick, Herrington & Sutcliffe LLP

U.S. DOJ and Texas reach $68M settlement with developer in predatory lending and land sales case

On February 10, DOJ announced a settlement agreement, pending approval in the U.S. District Court for the Southern District of Texas, resolving claims brought by DOJ, the CFPB, and the state of Texas against a land developer...more

Ballard Spahr LLP

CFPB soliciting comments on how to improve Consumer Response Intake Form

Ballard Spahr LLP on

In the request for comments, the CFPB states that it is soliciting comments on how to improve its Consumer Response Intake Form. The CFPB advises that Consumer Response Intake Form is designed to help consumers in submitting...more

Sheppard Mullin Richter & Hampton LLP

Senator Warren Presses CFPB to Use Existing Authorities to Address Credit Card Costs

On January 23, the U.S. Senate Committee on Banking, Housing, and Urban Affairs announced that Senator Elizabeth Warren sent a letter to CFPB Acting Director Russell Vought, urging the Bureau to take more aggressive action to...more

Orrick, Herrington & Sutcliffe LLP

District court orders to strike one affirmative defense after CFPB motion

On January 26, in a lawsuit alleging a consumer reporting agency’s failure to reinvestigate consumer disputes and maintain reasonable policies and practices concerning the accuracy of consumer credit information, the U.S....more

Hudson Cook, LLP

CFS Bites of the Month - 2025 Annual Review - Payments

Hudson Cook, LLP on

In this article, we share a timeline of monthly "bites" for the past year applicable to Payments....more

Orrick, Herrington & Sutcliffe LLP

Court approves joint Massachusetts and CFPB settlement with credit-repair firm

Recently, the CFPB announced that it entered a stipulated final judgment and order with the Commonwealth of Massachusetts against a national credit-repair company and its owner in the U.S. District Court for the District of...more

Sheppard Mullin Richter & Hampton LLP

In a Retreat, CFPB Submits $145 Million Funding Request Following Court Order

On January 9, CFPB Acting Director Russel Vought submitted a $145 million funding request to Federal Reserve Board Chair Jerome Powell for the CFPB’s second quarter of fiscal year 2026. The notice states the submission was...more

Cooley LLP

CFPB Submits to Court Order, Seeks New Funding

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On January 9, 2026, the Consumer Financial Protection Bureau (CFPB) requested $145 million in new funding from the Federal Reserve....more

Hudson Cook, LLP

CFS Bites of the Month - 2025 Annual Review - Fintech

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In this article, we share a timeline of monthly "bites" for the past year applicable to fintech. Although we can identify numerous developments in the space in 2025, the most prominent development is the "all systems go"...more

Troutman Pepper Locke

Troutman Pepper Locke Weekly Consumer Financial Services Newsletter – January 2026 # 2

Troutman Pepper Locke on

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week. Federal Activities: On...more

Troutman Pepper Locke

CFPB Complies with Court’s Funding Order in NTEU v. Vought

Troutman Pepper Locke on

On January 9, the defendants in National Treasury Employees Union (NTEU) v. Vought filed a notice and exhibit in the U.S. District Court for the District of Columbia confirming that the Acting Director of the Consumer...more

Hudson Cook, LLP

CFS Bites of the Month - 2025 Annual Review - Banking

Hudson Cook, LLP on

In this article, we share a timeline of monthly "bites" for the past year applicable to banking....more

Hinshaw & Culbertson - Consumer Crossroads

Governor Hochul Signs New York FAIR Business Practices Act, Greatly Enhancing Attorney General Enforcement Authority

On December 19, 2025, approximately six months after its approval by the New York State Legislature, Governor Kathy Hochul signed the Fostering Affordability and Integrity Through Reasonable Business Practices Act (the “FAIR...more

Hinshaw & Culbertson - Consumer Crossroads

Lenders Should Approach the Recent CFPB–MoneyLion Military Lending Act Settlement With Caution

On November 24, 2025, the court in CFPB v. MoneyLion Technologies, No. 1:22-cv-08308 (SDNY) entered a stipulated final judgment and order that settled the Consumer Financial Protection Bureau’s (“CFPB” or “Bureau”)...more

Orrick, Herrington & Sutcliffe LLP

CFPB submits proposed settlement to resolve military lending and UDAAP enforcement action

On November 21, the CFPB and defendants jointly submitted a proposed stipulated final judgment and order to resolve litigation in the U.S. District Court for the Southern District of New York alleging violations of the...more

Troutman Pepper Locke

Blue-State AGs Tap Rohit Chopra to Lead Consumer Protection Working Group

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As reported by Bloomberg, the Democratic Attorneys General Association (DAGA) has hired Rohit Chopra, former Director of the Consumer Financial Protection Bureau (CFPB or Bureau), to lead a new Consumer Protection and...more

Sheppard Mullin Richter & Hampton LLP

CFPB to Begin Transferring Remaining Litigation to DOJ Amid Funding Collapse

On November 20, 2025, the CFPB notified staff that it will begin transferring its remaining enforcement lawsuits and other pending litigation to the Department of Justice. The shift comes as the agency anticipates running out...more

Bradley Arant Boult Cummings LLP

Despite Vought’s Efforts to Dismantle the CFPB, Enforcement Will Continue – What Will It Look Like?

Russ Vought’s CFPB has been busier over the past two weeks, but not because of increased enforcement or supervision efforts. Instead, recent actions indicate that the administration intends to keep Vought in the acting...more

Orrick, Herrington & Sutcliffe LLP

Ninth Circuit Affirms Lower Court’s Ruling in Favor of CFPB

On November 17, the U.S. Court of Appeals for the 9th Circuit affirmed a district court’s decision holding defendants liable for deceptive and abusive practices under the CFPA. In a suit brought by the CFPB, the defendants, a...more

Ballard Spahr LLP

CFPB rescinds amendments to the Rules of Practice for Adjudication Proceedings

Ballard Spahr LLP on

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

Ballard Spahr LLP

CFPB Restores CSI Treatment of “Pose Risk” Decisions

Ballard Spahr LLP on

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

Sheppard Mullin Richter & Hampton LLP

CFPB Terminates 2023 Consent Order Against a National Consumer Reporting Agency for Alleged Security Freeze Violations

On November 3, 2025, the Consumer Financial Protection Bureau terminated its 2023 consent order against a national consumer reporting agency. The original order, issued in October 2023, required more than three million...more

Troutman Pepper Locke

CFPB’s Proposed Reg B Overhaul: Ending ECOA Disparate Impact, Narrowing Discouragement, and Reshaping SPCPs

Troutman Pepper Locke on

The Consumer Financial Protection Bureau (CFPB or Bureau) has proposed an unprecedented, far‑reaching rewrite of Regulation B (Reg B) under the Equal Credit Opportunity Act (ECOA). If finalized, the proposed rule would...more

Sheppard Mullin Richter & Hampton LLP

CFPB Terminates HDMA and FCRA Consent Orders

On September 22, 2025, the CFPB terminated two consent orders, one involving a national bank and the other involving a mortgage servicer. The orders were originally issued under prior administrations and alleged violations of...more

Orrick, Herrington & Sutcliffe LLP

Twenty state attorneys general submit joint letter to CFPB

On September 25, 20 state attorneys general submitted comments on a newly proposed rule by the CFPB that would redefine the legal standard for supervisory designation proceedings. ...more

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