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CFPB proposes a rule change to cut nonbank supervision
The Consumer Financial Protection Bureau is proposing reducing supervision of all but the largest nonbanks in four key markets: auto financing, consumer credit reporting, debt collection and ... Read More
District court dismisses CFPB claims against credit reporting agency as time-barred, but grants leave to amend
On August 6, the U.S. District Court for the Central District of California granted a credit reporting agency’s motion to dismiss with leave to amend in a case brought by the CFPB. The court found ... Read More
Consumer watchdog CFPB clearing remaining cases prior to expected mass firings
Nearly all pending compliance issues flagged by CFPB examiners are being closed without verification. Mass layoffs and budget cuts threaten the agency’s ability to police banks and finance companies. Read More
CFPB cuts can resume, divided appeals court rules
A divided federal appeals court is allowing President Donald Trump to downsize the Consumer Financial Protection Bureau at this time, siding with the administration on its plans to reshape government ... Read More
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