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Inside the CFPB

August 18, 2025

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Appeals Court Allows Trump Admin to Slash CFPB Staff

The ruling by the appeals court allows the Trump administration to proceed with massive layoffs at the bureau. One of the three judges to hear the case dissented, arguing that the courts are shifting power from Congress to the executive branch. Read More

CFPB Specter Keeps Market Accountable

Despite the Trump administration’s efforts to defang the CFPB, securities market participants are wary the regulator still could crack down on malfeasance with a vengeance should political tides turn. Read More

Trade Groups Seek to Whittle Down 1071 Data Collection

The Trump administration has delayed compliance with the rule until mid-2026 at the earliest and the CFPB is working to revise the Biden-era requirements. Trade groups representing lenders provided plenty of suggestions to reduce burdens from the rule. Read More

CFPB Floats Reducing Oversight of Nonbanks

The bureau is considering raising the bar for triggering oversight of nonbanks in consumer reporting, consumer debt collection, automobile lending and international money transfers. Read More

CrossCountry Alleged to Have Participated in Kickback Scheme

CrossCountry Mortgage allegedly paid a North Carolina real estate brokerage $15,000 a month to have all of its clients referred to the lender. Read More

Cypress Settles Servicing Issue With Massachusetts AG

The settlement is tied to practices Cypress engaged in while operating as a direct mortgage servicer under the name Rushmore. Cypress has since rebranded as a master loan servicer. Read More

CFPB Slams GAO in Dispute Over Funding

The GAO alleged that the CFPB acting director’s decision not to request full funds available from the Federal Reserve constituted an illegal withholding under the Impoundment Control Act. Read More

New York AG Sues Zelle Parent After CFPB Pulls Back

The lawsuit claims Early Warning Services, which is owned by a group of U.S. banks, failed to protect users from fraud by not including critical safety features in its electronic payment platform, Zelle. Read More

Banks Seek Delay of Open Banking Compliance

The Bank Policy Institute and others stressed that industry participants shouldn’t have to comply with a rule given that the CFPB plans to substantially revise it. Read More

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