We are pleased to share a new podcast episode, which was taken from our September 9, 2025, webinar featuring Malini Mithal, Associate Director of the Federal Trade Commission’s Division of Financial Practices. Malini has been a valued guest on our podcast in past years, and this session provided another timely and insightful discussion.… Continue Reading| Consumer Finance Monitor
As the government shutdown drags on, some financial services programs—particularly housing programs– are being affected. The CFPB is funded through the Federal Reserve system, not through annual appropriations, and technically is still operating, although as we have reported previously many CFPB employees are not being permitted to work. (That CFPB funding mechanism was the subject of a Supreme Court case and the court found the funding system constitutional.)… Continue Reading| Consumer Finance Monitor
Contending that the decision of a divided three-judge panel of the U.S. Circuit Court of Appeals for the District of Columbia would lead to a shutdown of the CFPB by the Trump Administration, plaintiffs in a lawsuit challenging proposed Reductions-in-Force at the bureau are asking for an en banc rehearing in the case before all of the active judges of the D.C… Continue Reading| Consumer Finance Monitor
On September 22, 2025, the CFPB terminated two consent orders, one involving a national bank and the other involving a mortgage servicer. The orders were originally issued under prior administrations and alleged violations of the Home Mortgage Disclosure Act (HMDA), the Consumer Financial Protection Act (CFPA), the Real Estate Settlement Procedures Act (RESPA), and the Fair... Continue Reading|
On September 25, the CFPB finalized a rule rescinding its several Biden-era amendments to the risk-based supervisory designation process and reinstating the Bureau’s 2013 framework under the Dodd-Frank Act. The rule, effective October 27, restores confidentiality of decisions and orders, revives the role of a recommending official, and eliminates several procedural changes made in 2022-2024. Under... Continue Reading|
Under the Trump administration, the Consumer Financial Protection Bureau (CFPB) has been winding down enforcement actions against lenders and servicers while opening only two new cases.| HousingWire
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
Locked out of your own money by your bank? Discover one customer’s ordeal with Chase Bank’s excessive security measures, where a simple transaction turned into a nine-call marathon of verification loops and unresolved frustration. This story exposes how “security theatre” can undermine trust and customer satisfaction, leaving legitimate customers feeling powerless and unheard. If you’ve ever struggled with endless identity checks and robotic customer service, you’re not alone. Rea...| Minter Dial
The American Bankers Association today joined four banking and credit union associations in correcting the record about several falsehoods made| ABA Banking Journal
Deep-pocketed tech companies are coming to the defense of an obscure banking rule, introduced under the Biden administration, that some industry leaders claim is an exception to the rule when it comes to opposing government overreach. At the heart of the debate is the Consumer Financial Protection Bureau’s Section 1033 open banking rule, a European-inspired […]| Trending Politics Conservative News and Commentary
On July 11, 2025, the Consumer Financial Protection Bureau (CFPB) announced a proposed $9 million settlement resolving its November 2021 lawsuit against a| Consumer Finance and Fintech Blog
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 services landscape is undergoing a transformative shift under the second Trump administration, with significant deregulatory| Consumer Finance Monitor
Having previously announced that it was withdrawing its Buy Now, Pay Later rule, the CFPB recently said that it does not intend to issue a revised rule.| Consumer Finance Monitor
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
California, Join in Opposition to Shuttering of Consumer Financial Protection Bureau and Warn that Efforts to Undermine Would Leave Millions Exposed to Fraud and Ripoffs FOR IMMEDIATE RELEASE: Marc…| Consumer Federation of California
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
By Samah Chowdhury Application program interfaces are in high demand in the banking sector because they enable smooth data exchange| ABA Banking Journal
Five agencies today issued final guidance to highlight what they said are the risks associated with deficient residential real estate| ABA Banking Journal
The Consumer Financial Protection Bureau today proposed an interpretive rule declaring that paycheck advance, including earned wage access, products are| ABA Banking Journal
Six federal agencies today issued a final rule to regulate the credibility of algorithmic models used in real estate valuations.| ABA Banking Journal
The American Bankers Association and three financial sector associations urged the Consumer Financial Protection Bureau to give financial institutions at| ABA Banking Journal
The American Bankers Association and seven financial sector associations today requested that the Consumer Financial Protection Bureau extend by at| ABA Banking Journal
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
