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Fair Credit Reporting Act (FCRA) Consumer Financial Protection Bureau (CFPB)

Brownstein Hyatt Farber Schreck

Brownstein Challenges Colorado Law Prohibiting Medical Debt Reporting

On the heels of the Consumer Financial Protection Bureau’s (CFPB) interpretive rule issued last week explaining that the Fair Credit Reporting Act (“FCRA”) generally preempts state laws related to credit reporting, Brownstein...more

Wiley Rein LLP

Wiley Consumer Protection Download (November 4, 2025)

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CFPB Issues Interpretive Rule Preempting State Medical Debt Reporting Bans. On October 28, the CFPB issued an interpretive rule expressing that the Fair Credit Reporting Act (FCRA) generally preempts state laws that touch on...more

Holland & Knight LLP

CFPB Confirms Federal Preemption of State Credit Reporting Laws

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The CFPB published an interpretive rule on Oct. 28, 2025, clarifying the scope of preemption under the Fair Credit Reporting Act (FCRA) and impact on state laws regarding credit reporting. The interpretive rule replaces a...more

Goodwin

CFPB Issues Rule that FCRA Preempts State Measures Barring Medical Debt

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The Consumer Financial Protection Bureau (CFPB) issued an interpretive rule on October 20, 2025 stating that the Fair Credit Reporting Act (FCRA) preempts state measures barring medical debt in consumer credit reports....more

Sheppard Mullin Richter & Hampton LLP

CFPB Issues Interpretive Rule Asserting Federal Preemption Over State Medical Debt Credit Reporting Laws

On October 28, the CFPB issued an interpretive rule under the Fair Credit Reporting Act (FCRA) declaring that federal law generally preempts state laws governing the content of consumer credit reports. The Bureau’s action,...more

Husch Blackwell LLP

CFPB Publishes New Interpretive Rule Supporting Broad FCRA Preemption

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On October 28, the Consumer Financial Protection Bureau (CFPB) published guidance interpreting the federal Fair Credit Reporting Act (FCRA) to provide for broad preemption of state fair credit reporting laws on the 11 subject...more

Orrick, Herrington & Sutcliffe LLP

CFPB withdraws FCRA interpretive rule and clarifies state preemption

On October 28, the CFPB published an interpretive rule in the Federal Register, replacing a previously withdrawn 2022 FCRA interpretive rule and clarifying that the FCRA “generally preempts State laws that touch on broad...more

Ballard Spahr LLP

CFPB says FCRA prohibits states from regulating content of credit reports

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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

Foley & Lardner LLP

CFPB Announces New Interpretive Rule Clarifying Scope of FCRA Preemption

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The Consumer Financial Protection Bureau (CFPB) announced an interpretive rule yesterday that clarifies the scope of the Fair Credit Reporting Act’s (FCRA) preemption of state laws that touch on the area of credit reporting....more

Troutman Pepper Locke

CFPB Revokes 2022 Interpretive Rule on FCRA Preemption Scope

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On October 28, the Consumer Financial Protection Bureau (CFPB or Bureau) issued a new interpretive rule replacing its 2022 interpretive rule (withdrawn in May 2025) concerning the scope of preemption under the Fair Credit...more

Troutman Pepper Locke

Troutman Pepper Locke Weekly Consumer Financial Services Newsletter – October 2025 # 4

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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....more

Troutman Pepper Locke

September 2025 Consumer Litigation Filings: Mixed Bag

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According to a recent report by WebRecon, court filings under the Fair Debt Collection Practices Act (FDCPA) and Telephone Consumer Protection Act (TCPA) rose by double digits while litigation under the Fair Credit Reporting...more

Shipkevich PLLC

September 2025 Litigation Update: TCPA and FDCPA Filings Sharply Rise as CFPB Complaints Continue to Climb

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Following a brief decline in August, consumer litigation has regained momentum in September. WebRecon’s latest data shows that filings under the Telephone Consumer Protection Act (TCPA) and the Fair Debt Collection Practices...more

Jackson Lewis P.C.

Credit Checks in Hiring: Key Issues for Financial Services Employers After Medical Debt Reporting Restrictions

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Evolving credit checks requirements means employers in financial services are challenged more than ever to stay current because they conduct credit checks on prospective candidates more frequently than those in many other...more

Orrick, Herrington & Sutcliffe LLP

CFPB seeks to revive credit reporting suit after dismissal on statute of limitations grounds

On September 26, the CFPB filed a memorandum opposing a credit reporting agency’s renewed motion to dismiss the Bureau’s second amended complaint in ongoing litigation in the U.S. District Court for the Central District of...more

Shipkevich PLLC

August 2025 Litigation Update: A Brief Dip Amid Elevated Year-to-Date Trends

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WebRecon’s August 2025 report reflects a rare month of declines across all major consumer protection categories. Filings under the Telephone Consumer Protection Act (TCPA), Fair Debt Collection Practices Act (FDCPA), and Fair...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

Troutman Pepper Locke

August 2025 Consumer Litigation Filings: Everything Down for Month

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

Goodwin

Treasury Seeks Public Comment on Implementation of the GENIUS Act

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Welcome to Goodwin’s Financial Services News Roundup. Our newsletter highlights important legal, regulatory, and business developments related to financial services and banking....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

Ballard Spahr LLP

CFPB Spring 2025 Regulatory Agenda – Prerule Stage – Identity Theft and Coerced Debt (Regulation V)

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The CFPB is considering proposing amendments to Regulation V, which implements the Fair Credit Reporting Act (FCRA), to address concerns related to information furnished to consumer reporting agencies regarding coerced debt. ...more

Orrick, Herrington & Sutcliffe LLP

CFPB publishes its unified agenda for spring 2025

Recently, the U.S. Office of Management and Budget received the CFPB’s Spring 2025 Unified Agenda of Regulatory and Deregulatory Actions, outlining 25 regulatory activities at different stages of the administrative process. ...more

Shipkevich PLLC

July 2025 Consumer Litigation Trends: TCPA Class Actions Remain Elevated as Consumer Litigation and Complaints Rise

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WebRecon’s latest July 2025 report shows that, after a temporary slowdown in June, consumer litigation and complaint activity have bounced back significantly. Telephone Consumer Protection Act (TCPA), Fair Debt Collection...more

Troutman Pepper Locke

July 2025 Consumer Litigation Filings: Everything Up

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

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