News & Analysis as of

Consumer Financial Protection Bureau (CFPB)

Orrick, Herrington & Sutcliffe LLP

CFPB reportedly set to resume virtual examinations

According to published reports, during a January 29 meeting with examination staff, senior members of the CFPB announced plans to resume examination activity as early as April 2026, but with the understanding that the amount...more

Orrick, Herrington & Sutcliffe LLP

Senators pen letter urging CFPB to rescind its ECOA disparate impact rule

On February 3, several U.S. senators sent a letter to CFPB Acting Director Russell Vought urging the Bureau to rescind its proposed rule that would end the ECOA’s disparate impact test, which would prevent the CFPB from...more

Orrick, Herrington & Sutcliffe LLP

CFPB requests feedback on burden and efficacy of consumer complaint intake form

On January 30, the CFPB published a notice in the Federal Register requesting that the Office of Management and Budget extend for a second time the CFPB’s request for public comment as part of its “Consumer Response Intake...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

Hudson Cook, LLP

Bipartisan Enforcement Is Rising In Consumer Finance

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In December, the Democratic Attorneys General Association, or DAGA, announced that it hired Rohit Chopra to lead its new Consumer Protection and Affordability Working Group. Originally published by Law360 - February 5,...more

Ballard Spahr LLP

CFPB Private Education Loan Ombudsman receives record number of complaints

Ballard Spahr LLP on

The CFPB received about 22,900 complaints about private and federal student loans between July 1, 2024, and June 30, 2025, the highest level the Bureau has received in a one-year period, the CFPB’s Private Education Loan...more

Troutman Pepper Locke

Financial Services Industry 2025 Digital Assets Year in Review

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In 2025, the U.S. digital asset landscape evolved more dramatically than in any year since the industry’s inception. A pro‑innovation White House, an active Congress, and key regulators — including the U.S. Securities and...more

Ankura

Redress Done Right: A Blueprint for Large-Scale Financial Remediation

Ankura on

A financial institution was accused of charging excessive or unfair overdraft fees that allegedly caused significant financial burden on its customers. This overdraft fee practice attracted regulatory scrutiny, resulting in a...more

Hudson Cook, LLP

Consumer Financial Services Bites of the Month - January 2026 - "It's Not a Hot Day in January."

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In this month's article, we share some of our top "bites" covered during the January 2026 webinar....more

Troutman Pepper Locke

Troutman Pepper Locke Weekly Consumer Financial Services Newsletter – February 2026

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To keep you informed of recent activities, below are several of the most significant federal events that have influenced the Consumer Financial Services industry over the past week. Federal Activities: On January 30, the...more

GeoDataVision

The Compliance 911 Show

GeoDataVision on

Your 2025 compliance year in review — breaking down CRA, 1071 updates and what’s coming next for risk, regulation, and exams....more

Mayer Brown

Implications of the CFPB's Proposed Rule under the Equal Credit Opportunity Act

Mayer Brown on

Summary: In this episode of Financial Services Focus, Kris Kully and EY Managing Director of Financial Services Brian Clark discuss the Consumer Financial Protection Bureau's proposed rule under the Equal Credit Opportunity...more

Snell & Wilmer

2026 Auto Finance Compliance Trends: What Lenders Need to Know Now

Snell & Wilmer on

2026 is now underway, and federal and state regulators are signaling continued attention on consumer protection in auto finance. Several themes have recently emerged across regulatory agencies’ public statements, enforcement...more

Orrick, Herrington & Sutcliffe LLP

Sen. Warren pens letter to CFPB’s Vought on new credit card policies

On January 23, Sen. Elizabeth Warren (D-MA), the ranking Democratic member on the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered a letter to the acting director of the CFPB, Russell Vought, criticizing...more

Orrick, Herrington & Sutcliffe LLP

CFPB urges U.S. Supreme Court to deny review of jury trial waiver case

On January 23, the CFPB filed a brief in the U.S. Supreme Court opposing a lender’s petition for a writ of certiorari, which challenged a 9th Circuit decision that upheld a $134 million restitution award. ...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

Orrick, Herrington & Sutcliffe LLP

Eleventh Circuit rejects expedited review in challenge to CFPB’s PACE rule

On January 26, the U.S. Court of Appeals for the 11th Circuit denied a motion to expedite an appeal filed by a trade association after a lower court had declined to block the CFPB’s Residential Property Assessed Clean Energy...more

Hudson Cook, LLP

CFS Bites of the Month - 2025 Annual Review - Nondiscrimination and Military Protection Law

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In this article, we share a timeline of monthly "bites" for the past year applicable to consumers protected by nondiscrimination and military protection laws....more

Orrick, Herrington & Sutcliffe LLP

State attorneys general move for partial summary judgment against CFPB and Fed

On January 21, attorneys general from 22 states and territories filed a motion for partial summary judgment against the CFPB, the Fed, and the acting director of the CFPB. ...more

Troutman Pepper Locke

2025 Consumer Litigation Filings: Everything Up Compared to 2024

Troutman Pepper Locke on

According to a recent report by WebRecon, court filings under the Fair Credit Reporting Act (FCRA), Fair Debt Collection Practices Act (FDCPA), and Telephone Consumer Protection Act (TCPA), as well as complaints filed with...more

Hudson Cook, LLP

CFPB Proposes Changes to Regulation B

Hudson Cook, LLP on

On November 13, the Consumer Financial Protection Bureau published a Notice of Proposed Rulemaking proposing various revisions to Regulation B. ...more

Cooley LLP

Reports Suggest CFPB Plans Full Notice-and-Comment Rulemaking for Open Banking Rewrite

Cooley LLP on

Reportedly, the Consumer Financial Protection Bureau (CFPB) now plans to pursue a notice‑and‑comment rulemaking process for its rewrite of the Biden‑era open banking rule, marking a shift from prior indications that the CFPB...more

Troutman Pepper Locke

AG Watch: Illinois A Key Player In State-Level Enforcement

Troutman Pepper Locke on

Since beginning his tenure in 2019, Illinois Attorney General Kwame Raoul has strategically positioned himself as a leading figure among Democratic state attorneys general. His efforts are not merely for show; Raoul has...more

Kilpatrick

NAD's Newfound Interest in Financial Services Extends to B2B Marketing

Kilpatrick on

Two recent National Advertising Division decisions involving competing 401(k) providers underscore that NAD’s expanding focus on financial services advertising is not limited to consumer-facing debt-relief claims. ...more

Troutman Pepper Locke

Payments Year in Review 2025: Federal and State Developments – Part 1 — Payments Pros – The Payments Law Podcast

Troutman Pepper Locke on

In the first installment of a two-part Payments Year in Review series, hosts Keith Barnett, Carlin McCrory, and Jason Cover highlight the key federal developments that shaped the payments industry in 2025 and preview what's...more

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