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Home » Topics » News » Inside the CFPB

Inside the CFPB
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CFPB Finalizes Rule on Small Business Lending Data Collection

April 3, 2023
Sam Manas
The CFPB released a final rule implementing Dodd-Frank Act Section 1071, which requires financial institutions to collect and report data on their small business lending activities.
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Second Circuit Holds CFPB Funding Constitutional

April 3, 2023
Sam Manas
The Second Circuit Court of Appeals’ ruling last month deepens a circuit split on the constitutionality of the CFPB’s funding structure, which is set for hearing before the Supreme Court next term.
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Attorneys Offer Advice on Challenging Redlining Claims

April 3, 2023
Sam Manas
Two attorneys at Orrick shared strategies that mortgage lenders can use to defend themselves in federal redlining cases, including questioning the data analysis used to bring a case.
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Strong Opposition to Repeat Offender Registry Proposal

April 3, 2023
The CFPB’s proposed rule for an online registry of nonbanks underestimates the burden for institutions and overstates its value to the public and enforcement agencies, mortgage trade groups said in comments.
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Court Denies CFPB Motion to Stop Employee Depositions

April 3, 2023
Sam Manas
The CFPB’s attempt to prevent the deposition of three employees in its own enforcement case against Citizens Bank was rejected.
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CFPB Receives Fewer EEO-Related Complaints in FY22

April 3, 2023
Sam Manas
In a report on its equal opportunity employment program, the CFPB said it found no new instances of internal discrimination in FY2022.
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Other News in Brief

April 3, 2023
Sam Manas
CFPB expands credit card survey; debt collector ordered to pay $24 million; CFPB says TILA doesn’t preempt state disclosure laws; ICBA requests CFPB approve proposed construction loan disclosure template; SCOTUS requests DOJ input on mortgage escrow interest laws.
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House Bill Would Put CFPB Funding in Congress’ Hands

March 20, 2023
Sam Manas
A majority of the witnesses testifying at a recent House subcommittee hearing voiced support for the Taking Account of Bureaucrats’ Spending Act, which would separate the CFPB from the Federal Reserve System and subject it to the regular appropriations process.
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CFPB Uncovers New ‘Junk Fee’ Charges by Mortgage Servicers

March 20, 2023
Sam Manas
In a special edition supervisory highlights report, the CFPB revealed old and new ways in which mortgage servicers are attempting to collect unlawful fees from borrowers.
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House Republicans Seek Extensive Overhaul of CFPB

March 20, 2023
Sam Manas
Eight Republican-sponsored pieces of legislation were attached to a recent hearing on CFPB reforms, including one that would convert the bureau’s leadership structure into a five-member commission.
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