A new circular expands on previous CFPB actions to protect consumer rights involving contract terms.

The proposed rule is the first of more amendments to the Fair Credit Reporting Act by the bureau, according to industry attorneys.

The CFPB plans to use its authority over credit card providers to apply to buy now, pay later providers. The move could face a legal challenge.

Judge Donald Middlebrooks dismissed all four of the lender’s arguments against a 2023 CFPB lawsuit, moving the trial forward to July.

The preliminary injunction came after a challenge by the U.S. Chamber of Commerce, the American Bankers Association and other trade groups. The ruling could spell trouble for the Biden administration’s fight against so-called “junk fees” in the financial services industry.

The CFPB’s latest push on mortgage servicing fees could be the start of more to come, according to industry attorneys.

A request for information is expected from the bureau as early as the end of this month.

According to industry attorneys, the updated rule signals that the CFPB will “increasingly encourage, and perhaps pressure, nonbanks to consent to be supervised.”

Measures to protect consumers from violations of FDCPA and FCRA involving medical and rent collections are underway.

Changes to the state’s Community Reinvestment Act would further protect against discriminatory appraisals, according to the CFPB.