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Inside the CFPB
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CFPB Withdraws Rule to Nix State Enforcement Notice

July 21, 2025
Shannon Clark
The final rule would have rescinded procedures that require a state official to notify the bureau when they take action to enforce the Consumer Financial Protection Act.
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States Ramp Up CRA Efforts as Federal CRA Falls Back

July 21, 2025
Shannon Clark
New Jersey is the latest state to introduce legislation to establish its own version of the Community Reinvestment Act.
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New California Law to Stall Legitimate Foreclosures

July 21, 2025
Shannon Clark
The new law addresses foreclosures on “zombie” second mortgages and creates new standards for subordinate mortgage servicers.
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Banking Examiners Simplify Adverse Action Requirements

July 21, 2025
Shannon Clark
Key differences exist between the Equal Credit Opportunity Act’s and the Fair Credit Reporting Act’s adverse action notice requirements.
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Other News in Brief

July 21, 2025
Shannon Clark
Pawnshop settles MLA lawsuit; CFPB won’t reissue a medical debt collection AO; federal judge vacates medical debt rule; CFPB places a top staff member on leave; OCC will no longer examine for disparate impact liability; FDIC releases the top regulatory violations for 2024.
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Trump Signs Bill Cutting CFPB’s Funding Mechanism

July 7, 2025
Shannon Clark
After a setback, Senate Republicans successfully approved a measure to cut the CFPB’s funding.
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CHLA Urges CFPB to Act on LO Comp Reforms

July 7, 2025
Shannon Clark
The trade group’s call comes weeks after the CFPB hinted it may look to rescind its loan originator compensation rule.The trade association's new white paper comes weeks after the CFPB hinted it may look to rescind the LO Comp rule altogether.
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Withdrawn CFPB Guidance Could Still Apply, Court Rules

July 7, 2025
Shannon Clark
Other courts could also determine that the CFPB’s withdrawn guidance can still be considered in legal matters, according to attorneys at the law firm of Holland & Knight.
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New York Ramps Up Consumer Protections

July 7, 2025
Shannon Clark
A new legislation in New York expands the enforcement power of the state’s attorney general.
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CFPB Slashes Estimate for Credit Invisible Population

July 7, 2025
Shannon Clark
The CFPB now estimates that only 5.8% of the U.S. adult population in 2010 was without a credit record — a decrease from an 11.0% estimate published by the bureau in 2015.
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