We previously reported that Treasury Secretary Bessent was named as the acting director of the Consumer Financial Protection Bureau (CFPB), and he subsequently ordered the CFPB staff to halt several activities. However, the...more
2/11/2025
/ Compliance ,
Consumer Financial Protection Bureau (CFPB) ,
Enforcement Actions ,
Federal Reserve ,
Financial Institutions ,
Financial Regulatory Reform ,
OMB ,
Regulatory Reform ,
Regulatory Requirements ,
Secretary of the Treasury ,
Trump Administration ,
U.S. Treasury
The Federal Trade Commission (FTC) recently published changes to data security requirements for financial institutions by revising the Safeguards Rule (Rule) under the Gramm-Leach-Bliley Act (GLBA). The law is designed to...more
Recently, the Consumer Financial Protection Bureau (CFPB) issued a compliance aid that addresses frequently asked questions related to the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) and the COVID-19...more
The Consumer Financial Protection Bureau (CFPB) has finally agreed to bend under the strain of numerous requests from financial industry participants and 255 bi-partisan House members and 41 senators, who requested that the...more