News & Analysis as of

Consumer Financial Protection Act (CFPA) Enforcement Actions

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

Hudson Cook, LLP

CFS Bites of the Month - 2025 Annual Review - Payments

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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

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

Hudson Cook, LLP

CFS Bites of the Month - 2025 Annual Review - Banking

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

Troutman Pepper Locke on

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

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

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

CFPB terminates four consent orders against national banks, one against lender

Recently, the CFPB terminated four consent orders against two banks each after finding the banks fulfilled their obligations. The CFPB also terminated one consent order against a lender. ...more

Orrick, Herrington & Sutcliffe LLP

CFPB drops two enforcement actions against a national bank

Recently, the CFPB terminated two consent orders against a national banking association. On September 18, the CFPB terminated a consent order (2023-CFPB-0019) against the bank after determining it had fulfilled its...more

Orrick, Herrington & Sutcliffe LLP

Debt-relief company and owners file appeal after losing case to CFPB

On September 4, several losing defendants filed notice of their intent to appeal a recent ruling, found in favor of the CFPB, to the U.S. Appellate Court for the 7th Circuit. As previously covered by InfoBytes, the CFPB...more

Sheppard Mullin Richter & Hampton LLP

CFPB Secures Permanent Ban on Fintech Service Provider for Alleged Unfair Practices

On August 21, the CFPB filed a complaint and stipulated final judgment in the U.S. Bankruptcy Court for the Central District of California against a fintech service provider in Chapter 11 proceedings. The Bureau alleged...more

Cadwalader, Wickersham & Taft LLP

Summer’s Over and the Regulations Keep Coming, September 2025 - End of Summer Regulatory Round-Up

As summer comes to an end, here is a round-up of regulatory activities in financial services: Consumer Financial Protection Bureau Sues Synapse. The fintech filed for bankruptcy in April 2024 has been sued by the CFPB on...more

Goodwin

CFPB Enters a Proposed Agreement with Banking-as-a-Service Platform After Failure to Maintain Records Following Bankruptcy

Goodwin on

The Consumer Financial Protection Bureau (CFPB) announced that it filed a complaint against a banking-as-a-service platform on August 21, 2025 in the U.S. Bankruptcy Court for the Central District of California, San Fernando...more

Ballard Spahr LLP

CFPB files complaint against Synapse Financial Technologies

Ballard Spahr LLP on

The CFPB has filed a complaint against Synapse Financial Technologies Inc, alleging that the company engaged in unfair acts and practices in violation of the Section 1036(a)(1)(B) of the CFPA by failing to maintain sufficient...more

Hudson Cook, LLP

CFPB Files Action against Fintech Bank Partner for Alleged Unfair Practices Related to Record Keeping of Consumer Funds

Hudson Cook, LLP on

On August 21, 2025, the Consumer Financial Protection Bureau filed an enforcement action in connection with Chapter 11 bankruptcy proceedings for a fintech (the "Fintech") acting primarily as a third-party service provider...more

Holland & Knight LLP

CFPB Withdraws Proposed Changes to State Official Notification Procedures

Holland & Knight LLP on

The CFPB on July 21, 2025, withdrew a direct final rule that would have "rescinded procedures by which a State official must notify the Bureau when the official takes an action to enforce the Consumer Financial Protection...more

Mayer Brown

Potential for Increased State Consumer Finance Enforcement

Mayer Brown on

A decrease in Consumer Financial Protection Bureau (“CFPB”) enforcement actions may motivate state regulators to fill the enforcement void. We have not seen a dramatic increase in state actions to date, but it will...more

Orrick, Herrington & Sutcliffe LLP

CFPB scraps rule allowing states to enforce the CFPA without notice

On July 21, the CFPB published a notice in the Federal Register withdrawing its direct final rule that would have rescinded procedures requiring state officials to notify the Bureau when taking action to enforce the CFPA. As...more

Orrick, Herrington & Sutcliffe LLP

CFPB terminates its consent order with a credit union

On July 18, the CFPB terminated a consent order against a credit union after confirming that the credit union fulfilled “certain obligations” under the original consent order, including paying a $1.5 million civil money...more

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