President Trump has nominated Jonathan McKernan, a former FDIC board member, to lead the Consumer Financial Protection Bureau. Source link Read more »
This Law Firm Publication by Ballard Spahr LLP discusses OMB director Russell Vought’s designation as acting director of the Consumer Financial Protection Bureau and Vought’s initial actions to halt agency work, halt... Read more »
The US Court of Appeals for the Fifth Circuit has stayed pending appeal, and tolled the compliance deadlines under, the final small business lending data collection rule the Consumer Financial Protection Bureau... Read more »
This Law Firm Publication by Ballard Spahr states that the acting bureau Director, Scott Bessent, has reportedly ordered the agency to stop virtually all work. Source link Read more »
This law firm publication by Troutman Pepper Locke discusses an emergency notice filed and other statements made by the Consumer Financial Protection Bureau (CFPB) in the appeal before the US Court of... Read more »
The Trump administration has designated Secretary of the Treasury, Scott Bessent, as Acting Director of the Consumer Financial Protection Bureau (CFPB). Source link Read more »
The CFPB issued an advisory opinion rescinding previous guidance that exempted certain paycheck advance products, sometimes marketed as earned wage access, from being classified as credit subject to the Truth in Lending... Read more »
The Consumer Financial Protection Bureau (CFPB) published a report focusing on examination findings of credit card and auto lenders that use advanced technologies in credit scoring models. Source link Read more »
The Consumer Financial Protection Bureau (CFPB) issued a consent order requiring Block, Inc., the operator of peer-to-peer payments app Cash App, to pay $175 million for failing to prevent consumer fraud in... Read more »
The CFPB has issued new Policy Statements on No-Action Letters and Compliance Assistance Sandbox Approvals. Source link Read more »