SIIA Submits Comments on CFPB’s Reconsideration of Personal Financial Data Rights Rule - SIIA
SIIA urges the CFPB to ensure security, accountability, and fairness in open banking rules.| SIIA
In Brewer v. Turner (Sept. 29, 2025) (“Regions”), the Delaware Court of Chancery declined, at the pleading stage of litigation, to dismiss a Caremark claim brought against directors of Regions Financial Corporation, which operates Regions Bank. The plaintiff sought a return to the company, from the directors personally, of the $191 million the company paid under a consent settlement […]| The Harvard Law School Forum on Corporate Governance
SIIA urges the CFPB to ensure security, accountability, and fairness in open banking rules.| SIIA
The American Bankers Association today shared a long list of recommendations for re-proposing the Consumer Financial Protection Bureau’s personal financial| ABA Banking Journal
Strong and vibrant financial markets are key to a thriving American economy. Rising regulatory costs, however, pose a burgeoning threat to financial-market efficiency. Recent executive-agency initiatives to harmonize federal government oversight of U.S. financial markets and to reform existing regulatory programs are notable. A new push to eliminate anticompetitive federal financial rules could yield further ... New Financial Regulatory Reforms Could Spur the Economy The post New Financial Re...| Truth on the Market
On August 19, 2025, the CFPB announced that it had closed a multi-year investigation into a fintech company offering buy-now, pay-later financing for| Consumer Finance and Fintech Blog
As we previously reported, on August 7, 2025, President Trump issued an Executive Order (the “EO”) titled “Guaranteeing Fair Banking for All Americans”| Consumer Finance Monitor
On July 18, the CFPB terminated a 2024 consent order against a credit union after concluding that the entity had satisfied certain monetary and| Consumer Finance and Fintech Blog
The American Bankers Association today joined four banking and credit union associations in correcting the record about several falsehoods made| ABA Banking Journal
The Consumer Financial Protection Bureau is reversing course on its earlier decision to eliminate the procedures under which state officials| ABA Banking Journal
In a letter today, the American Bankers Association said it is pleased with the Consumer Financial Protection Bureau's proposal to| ABA Banking Journal
The Consumer Financial Protection Bureau has withdrawn a proposed rule to prohibit contractual provisions in agreements for consumer financial products| ABA Banking Journal
The Consumer Financial Protection Bureau today issued an interim final rule ending protections for mortgagors experiencing hardships due to the| ABA Banking Journal
Today's links| Pluralistic: Daily links from Cory Doctorow
The Fifth Circuit Court of Appeals today granted a request by the Consumer Financial Protection Bureau and the American Bankers| ABA Banking Journal
The American Bankers Association, Texas Bankers Association and other plaintiffs today announced they have reached an agreement with the Consumer| ABA Banking Journal
The Trump administration on April 17 sent layoff notices to approximately 1,500 staff at the Consumer Financial Protection Bureau, leaving| ABA Banking Journal
The American Bankers Association today urged the current leadership of the Consumer Financial Protection Bureau “to restore balance to the| ABA Banking Journal
The House Financial Services Committee Financial Institutions Subcommittee convened a hearing today that will do little but air the grievances of the banking lobby over the highly effective work done by the Consumer Financial Protection Bureau (CFPB).| Americans for Financial Reform
This week, Republicans in Congress introduced a resolution to undo a Consumer Financial Protection (CFPB) rule that prevents medical debt from capsizing people’s credit scores. More than 100 million people have medical debt and it shows up on the credit reports of 15 million people.| Americans for Financial Reform
The Trump administration has joined a group of big banks in an effort to destroy a vital safeguard against credit card junk fees that would have saved consumers $10 billion per year. As documented by AFR’s Wall Street Ripoff Counter, every day this CFPB rule is not in place, credit card users lose $2.7 million. To date, the bank lawsuit and now the Trump administration actions have cost consumers over $8.3 billion.| Americans for Financial Reform
The Trump administration has ordered the Consumer Financial Protection Bureau (CFPB) to halt all work and fired most of its employees. The CFPB was formed to fight financial fraud and deceptive lending practices.| Consumers' Checkbook Magazine
Today, over 100 community, civil rights, privacy, consumer, labor, technology, small business, and other organizations delivered a letter urging the U.S. Senate to oppose a resolution to rescind the Consumer Financial Protection Bureau’s (CFPB) digital payment app oversight rule.| Americans for Financial Reform
Today, the Consumer Financial Protection Bureau, which has been largely shut down by Elon Musk’s team and Acting Director Russell Vought, pulled the plug on a lawsuit against an online lender, SoLo Funds, that the agency had alleged was deceiving borrowers and imposing deceptive fees on more than half a million borrowers.| Americans for Financial Reform
Elon Musk and DOGE have begun making moves toward dismantling the CFPB. The watchdog agency would be in charge of regulating X, which Musk wants to transform into a payments platform.| www.aol.com
The American Bankers Association today joined 52 state bankers associations in expressing strong support for a resolution of disapproval introduced| ABA Banking Journal
Federal Reserve Chair Jerome Powell today said that “no other federal regulator” is examining large banks to ensure they are| ABA Banking Journal
President Donald Trump today caved in to pressure from Wall Street and Big Tech and fired Rohit Chopra, the director of the Consumer Financial Protection Bureau. During the campaign, Trump dangled measures like caps on credit card interest rates, Trump is now sacking someone whose years of work on behalf of consumers benefited families across the country.| Americans for Financial Reform
President Trump has removed Rohit Chopra as director of the Consumer Financial Protection Bureau, Chopra announced on his X account.| ABA Banking Journal
The CFPB’s proposal would prohibit financial companies from forcing consumers to surrender their fundamental rights in take-it-or-leave-it contracts that are used for everyday services such as bank accounts, credit cards, and payment apps on smart phones.| Americans for Financial Reform
The Consumer Financial Protection Bureau finalized a rule banning medical debt from being included on Americans' credit reports.| Yahoo Finance
(Subscribe to ABA Daily Newsbytes for news on recent changes and updates on regulatory issues. -- The editors.) By Carl| ABA Banking Journal
Americans for Financial Reform applauds today’s announcement of action against the nation's three largest banks, Bank of America, JPMorgan Chase, and Wells Fargo, for failing to protect consumers from widespread fraud and risky activity on Zelle, the most widely available peer-to-peer payment network.| Americans for Financial Reform
Americans should be deeply skeptical of a Consumer Financial Protection Bureau lawsuit against the operator of Zelle and participating banks| ABA Banking Journal
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CPFB) issued an important final rule on residential Property Assessed Clean Energy (rPACE), a form of green lending used to cover the cost of home improvements which is most commonly used for energy efficiency improvements and solar panel installations.| Americans for Financial Reform
Elon Musk and Marc Andreessen have begun a campaign against the agency, but they're rowing against public opinion: Americans see its value.| Los Angeles Times
The Consumer Financial Protection Bureau today released the final rule implementing Section 1033 of the Dodd-Frank Act, which requires banks| ABA Banking Journal
The American Bankers Association and five other industry associations today urged the Consumer Financial Protection Bureau to rescind its Sept.| ABA Banking Journal
Today, the Consumer Financial Protection Bureau (CFPB) finalized its Personal Financial Data Rights proposal, a long-overdue measure that can help create a more consumer-friendly and competitive financial services marketplace.| Americans for Financial Reform
A bipartisan, bicameral bill would allow designated financial regulatory staffers to test the technology’s tools without the threat of such actions.| FedScoop
The OpenID Foundation recommends that the CFPB mandate a standardized Communications Protocol for US open banking. It highlights key security and market risks.| OpenID Foundation - Helping people assert their identity wherever they choose
Have you ever had a debt collector reach out on social media? Here are the new rules regarding debt collection and social media contact.| The Kaplan Group
