- What is new: President Trump has signed an executive order targeting “debanking.”
- Why it matters: The executive order represents a significant escalation and increased enforcement risk to financial institutions due to...more
Key Points -
- The CFPB and DOJ have recently prioritized enforcement of federal servicemember protections.
- The Servicemembers Civil Relief Act and Military Lending Act provide key protections such as interest rate caps,...more
5/9/2025
/ Borrowers ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Creditors ,
Department of Justice (DOJ) ,
Financial Regulatory Reform ,
Interest Rates ,
Lenders ,
Military Lending Act ,
Regulatory Agenda ,
Regulatory Requirements ,
Servicemembers Civil Relief Act (SCRA) ,
Trump Administration
On October 25, 2024, a bill was introduced in the House of Representatives by sponsors from both parties that would impose heightened requirements and procedural protections for civil investigative demands (CIDs) issued by...more
12/11/2024
/ Civil Investigation Demand ,
Consumer Financial Products ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Duty of Confidentiality ,
Financial Services Agency ,
Financial Services Industry ,
Investigations ,
Judicial Review ,
Legislative Agendas ,
Notice Requirements ,
Proposed Legislation ,
Regulatory Reform ,
Request For Information ,
Statute of Limitations ,
Trump Administration
A degree of uncertainty hangs over the Consumer Financial Protection Bureau (CFPB) following the November 2017 resignation of its first director, Richard Cordray. On his last day in office, Cordray appointed his chief of...more
1/31/2018
/ Ability-to-Repay ,
Administrative Agencies ,
Administrative Appointments ,
Arbitration Agreements ,
Congressional Budget Office ,
Consent Order ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Collectors ,
Enforcement Actions ,
Fair Credit Reporting Act (FCRA) ,
Fair Lending ,
Financial Services Industry ,
GAO ,
Mortgage Servicers ,
Payday Lending Rule ,
Payday Loans ,
Payment Processors ,
Presidential Appointments ,
RESPA ,
Restitution ,
Richard Cordray ,
Trump Administration ,
Unfair or Deceptive Trade Practices