The rule could radically reshape consumer finance and allow fintechs to better compete with banks. After issuing the final rule in October, the CFPB was sued by the Bank Policy Institute, a Kentucky ...

Jonathan McKernan has become a White House favorite for financial regulatory positions. The Senate has yet to act on McKernan’s nomination to become director of the Consumer Financial Protection ...

The CFPB originally filed the lawsuit in 2020 against FDATR Inc. and its owners Dean Tucci and Kenneth Wayne Halverson. Halverson has since passed away. The bureau said in the lawsuit that FDATR, ...

The CFPB on April 30, 2025, reached an agreement with lender trade groups to vacate the Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information Rule (the Medical ...

In October, the CFPB published the Personal Financial Data Rights final rule, designed to give Americans the right to instruct their banks to share their financial data with third party providers.

The Government Accountability Office, which is the investigative arm of Congress, and the CFPB's Office of Inspector General, have agreed to review aspects of DOGE's activities at the CFPB ...

“The Bureau will instead keep its enforcement and supervision resources focused on pressing threats to consumers, particularly servicemen and veterans,” the CFPB website post said. “The ...

Announced Tuesday, the change reverses a CFPB position from a year ago that maintains buy now, pay later users have the same protections as credit card users under the Truth in Lending Act. And, the ...

The CFPB said in a notice on Tuesday that it will not prioritize enforcement of a rule, established during Joe Biden's presidency, that classified BNPL providers as credit card issuers subject to ...

On April 15, 2025, the U.S. District Court for the Northern District of Texas vacated a Consumer Financial Protection Bureau (CFPB) rule that capped credit card late fees at $8. The decision ...

“The Bureau will instead keep its enforcement and supervision resources focused on pressing threats to consumers, particularly servicemen and veterans,” the CFPB stated. “The Bureau is ...