The final rule is at risk of being overturned by the Congressional Review Act under the incoming Trump administration. Trade groups representing banks have also filed a lawsuit against the final rule.

The CFPB had sued Georgia-based USASF for illegal servicing practices that harmed borrowers with auto loans.

The court said Acima failed to establish that Utah is “inconvenient.” The court also rejected Acima’s argument under the first-to-file rule.

CFPB settles with student lender; CFPB sues Comerica Bank; The bureau returns $1 billion to harmed consumers; OCC publishes updated UDAAP booklet; CFPB Ombudsman’s Office releases annual report; Texas court denies request to lift stay on the credit card late fee final rule.

Going by Trump’s first term, the CFPB is expected to continue to regulate by enforcement, but isn’t likely to expand its jurisdiction into questionable areas.

At the end of fiscal year 2024, the CFPB had 1,758 employees, up 5% from a year earlier and up 16.9% from the end of fiscal 2020.

The bureau’s payday lending rule is set to take effect March 30, 2025, after the Fifth Circuit denied a request for a rehearing on the case.

The transaction threshold determining which nonbanks come under the bureau’s supervision has been drastically increased, to 50 million annual transactions from 5 million proposed.

If the overdraft rule is adopted as proposed, banks would materially reduce the amount of liquidity they are able to offer consumers, according to the Consumer Bankers Association.

A four-year partnership committed to expanding financial inclusion in low and moderate income, diverse and underserved neighborhoods will begin in January.