The Consumer Financial Protection Bureau announced it will not prioritize enforcement or supervision actions against payday, vehicle title, and high-cost installment lenders for violations of the Payment Withdrawal and Payment Disclosure...
The Consumer Financial Protection Bureau said it will deprioritize enforcement and supervision of the Small Business Lending Rule against entities falling outside the stay in Texas Bankers Association v. CFPB, citing both...
The Consumer Financial Protection Bureau said servicemembers borrowing to buy vehicles take on larger loans, make smaller down payments and pay more in interest than civilian borrowers, citing analysis of more than 20 million auto loans...
The Consumer Financial Protection Bureau and the Department of Justice on April 15 rescinded a 2023 joint statement that had warned lenders considering borrowers' immigration status could run afoul of the Equal Credit Opportunity Act...
The Consumer Financial Protection Bureau is asking a court to vacate a settlement it reached with Townstone Financial and return a six-figure penalty, with Acting Director Russ Vought alleging the mortgage company was targeted for...
The Consumer Financial Protection Bureau notified a federal court Friday that the Department of Justice's Office of Legal Counsel has determined the agency cannot lawfully request funding from the Federal Reserve because the central bank...
The Consumer Financial Protection Bureau said Friday it will deprioritize enforcement of its May 2024 rule extending Truth in Lending Act requirements to buy now, pay later lenders and is weighing whether to rescind the regulation outright.
The Consumer Financial Protection Bureau announced it will not prioritize enforcement actions under its May 2024 rule governing buy now, pay later loans and is considering rescinding the regulation entirely.
The Consumer Financial Protection Bureau and the Department of Justice on Friday withdrew a joint statement issued under the prior administration that had cautioned creditors about considering an applicant's immigration or citizenship...
The Consumer Financial Protection Bureau said Friday it filed a notice in NTEU v. Vought informing the court that the Justice Department's Office of Legal Counsel has determined the Bureau may not legally request funds at this...
The Consumer Financial Protection Bureau and FirstCash, Inc. resolved the agency's November 2021 lawsuit alleging the Fort Worth-based pawnshop operator and its nineteen subsidiaries made loans to active-duty servicemembers at rates...
The Consumer Financial Protection Bureau on Friday announced a May 15, 2025 amendment to its January 2025 consent order with international remittance company Wise, reducing the civil penalty from $2.025 million to approximately $45,000...
The Consumer Financial Protection Bureau said Friday it will not prioritize enforcement of its 2024 rule applying Truth in Lending Act protections to Buy Now, Pay Later loans accessed through digital user accounts, and said it is...
The Consumer Financial Protection Bureau said Friday that Acting Director Russ Vought is asking a court to vacate the agency's prior settlement with Chicago-area mortgage firm Townstone Financial and refund the six-figure civil penalty...
The Consumer Financial Protection Bureau released a report Friday analyzing more than 20 million auto loans originated between 2018 and 2022, concluding that U.S. servicemembers take on larger loans, make smaller down payments, and pay...
Consumer Financial Protection Bureau General Counsel Seth Frotman wrote to South Dakota state Rep. Brian Mulder on Friday endorsing House Bill 1058, which would prohibit medical creditors and debt collectors in the state from reporting...
The CFPB's general counsel wrote South Dakota's legislature to back a bill that would bar medical creditors and debt collectors from reporting medical debt to consumer reporting agencies.
CFPB Letter to South Dakota State Legislature on Barring Medical Bills on Credit Reports
A new CFPB analysis of more than 20 million auto loans finds that military borrowers consistently face worse financial terms than civilian counterparts across every major cost category.
CFPB Finds Servicemembers Pay More in Auto Lending Market
The bureau rewrote its January 2025 enforcement action against the UK-based money-transfer company, cutting the civil fine by roughly 98 percent and rescinding related guidance.
CFPB Amends Wise Order for Remittance Practices
The Consumer Financial Protection Bureau reached a settlement with FirstCash, Inc. and nineteen subsidiaries, resolving a lawsuit alleging the national pawnshop operator charged military borrowers interest rates above the legal cap and...
CFPB Reaches Settlement with FirstCash, Inc. and Its Subsidiaries for Military Lending Act Violations
The two agencies say the withdrawn joint statement conflicted with ECOA's express text and created unnecessary compliance burdens for lenders evaluating noncitizen borrowers.
Consumer Financial Protection Bureau and the Department of Justice Withdraw Joint Statement on Fair Lending and Credit Opportunities for Noncitizen Borrowers
The Consumer Financial Protection Bureau has formally endorsed two pending Massachusetts bills that would bar medical creditors, debt collectors, and consumer reporting agencies from including medical debt on consumer reports.