Cart

Inside the CFPB

February 18, 2025

View Archived Issues

McKernan Tapped for CFPB Even as Bureau’s Fate Unclear

All work at the CFPB, including supervision and examination activities, has ceased following an order by the bureau’s new acting director. Several rulemakings are also on pause. Read More

Court Bars Trump Administration From More Staff Cuts at CFPB

The order, reached following a scheduling conference, also prohibits the administration from deleting data held by the CFPB and from transferring money from the bureau’s reserve funds. Read More

Feds, States Likely to Split Up Response to Oversight Needs

Federal regulation is needed for data privacy, earned wage access products and artificial intelligence, industry experts say. But states may end up carrying the ball on some of these issues plus others. Read More

Trump-Led CFPB Gets Section 1071 Rule Paused

The stay for now only applies to some lenders. But a pending court ruling in a Kentucky lawsuit against the bureau’s Section 1071 rule could stay compliance with the rule for all covered entities. Read More

Republicans in Congress Working to Reshape CFPB

Republicans may dislike the CFPB but, with narrow control of Congress, they’ll have to agree on how to rein it in. Read More

NMLS Modernization on Track, Enters Phase Two

The next round of improvements is expected to go live during the third quarter and will include a new FBI identity verification requirement for some users. Read More

Appeals Court Rules Servicer Violated FDCPA with Convenience Fees

Plaintiffs argued that fees charged to expedite payment were in violation of a Fair Debt Collection Practices Act provision that prohibits the collection of any amount unless it was expressly authorized when the debt was created. Read More

CSBS Urges Ninth Circuit to Deny Preemption

A California law requiring interest to be paid on escrow account balances doesn’t “significantly interfere” with the powers of national banks, state regulators argue. Read More

Other News in Brief

CFPB continues to update APOR; Illinois could create state-level CFPB. Read More

Latest Imf News

More Imf News

Featured Data

More Featured Data

Featured Reports

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

View Results