CFPB Announces It Will Not Enforce Rule Requiring Nonbanks to Register Consumer Protection Orders

The Consumer Financial Protection Bureau has announced it does not intend to enforce its rule requiring nonbanks to register consumer protection orders. Source link Read more »

CFPB Seeks to Reverse Redlining Settlement

The Consumer Financial Protection Bureau is seeking to vacate its November 2024 settlement with Townstone Financial Inc., a Chicago-based nonbank mortgage lender and broker, over allegations of redlining and other discriminatory lending... Read more »

Revenue Based Finance Coalition v. CFPB: CFPB Advises of New Small Business Lending Data Collection Rulemaking

The Consumer Financial Protection Bureau (CFPB) has indicated its intention to initiate a new rulemaking to effect the small business lending data collection mandated by the amendment of the Equal Credit Opportunity... Read more »

Troutman Pepper Locke: Court Orders CFPB to Reinstate Employees and Resume Operations; CFPB Promptly Files Appeal

This Law Firm Publication by Troutman Pepper Locke discusses the recent US District Court for the District of Columbia order issuing a preliminary junction requiring the CFPB to, among other things, reverse... Read more »

CFPB Announces It Will Not Enforce Payday Lending Rule

The Consumer Financial Protection Bureau has announced it does not intend to enforce its Payday Lending Rule. Source link Read more »

Revenue Based Finance Coalition v. CFPB: Merchant Cash Advance Trade Association Seeks Stay of and Tolling of Compliance Deadlines Under Small Business Lending Data Collection Rule

A trade association for providers of merchant cash advances (MCAs) and other revenue based financing has moved to stay, and toll the compliance deadlines under, the final small business lending data collection... Read more »

CFPB Moves Forward on MLA Enforcement and FCRA Proposed Rulemaking

The Consumer Financial Protection Bureau (CFPB) moves forward with prosecuting two pending Military Lending Act cases and with rulemaking on two Fair Credit Reporting Act proposals. Source link Read more »

CFPB Dismisses Notable Consumer Protection Lawsuits

The Consumer Financial Protection Bureau (CFPB) has dismissed several notable consumer protection lawsuits. Source link Read more »

Revenue Based Finance Coalition v. CFPB: Florida District Court Magistrate Recommends Rejection of Challenge to Small Business Lending Data Collection Rule

A magistrate judge of the US District Court for the Southern District of Florida has recommended rejecting a challenge by a trade association for providers of merchant cash advances (MCAs) and other... Read more »

Troutman Pepper Locke: Texas Federal Court Orders CFPB to File Status Report Following Leadership Change

This Law Firm Publication by Troutman Pepper Locke discusses a recent development in Texas litigation against the Consumer Financial Protection Bureau regarding its March 2024 credit card penalty fees final rule. Source... Read more »
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