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...
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 Delaware Supreme Court reversed the Court of Chancery and held that ERISA does not bar former fund fiduciaries from receiving advancement of legal expenses when defending state-law claims in state court. The court...
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 provisions of its 2...
The Delaware Supreme Court reversed the Court of Chancery and held that ERISA does not bar former fund fiduciaries from receiving advancement of legal expenses when defending state-law claims in state court. The court ruled that advancement expressly contin...
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 political speech rather th...
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 Ninth Circuit vacated the dismissal of Rashid Kambarov's Fair Credit Reporting Act suit against Quality Counts, Inc., holding that the background check firm purposefully directed conduct at Oregon and remanding for the district court to complete its per...
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 status under the Equal...
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 time from the Federal Reserve...
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 above the Military Lendi...
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 while leaving in plac...
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 considering rescinding the...
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 firm paid, in a f...
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 higher interest rates...
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 medical debt informat...
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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.
A federal judge in Boston refused to dismiss most of LendingClub Bank's claims that Valley National Bank concealed its conflicting financial relationships while mismanaging a troubled commercial real-estate loan in which LendingClub held a $10 million parti...
The Securities and Exchange Commission proposed amendments to Form N-PORT that would significantly reduce the frequency and volume of portfolio reporting by registered investment companies. The changes aim to lower compliance costs and protect fund strategi...