Unsecured lending remains a dynamic, fast-evolving segment of the consumer finance market — drawing increasing attention from regulators, litigators, and market participants alike. In this next installment of our Deep Dives...more
In a lengthy decision that highlighted the CFPB’s very public efforts to dismantle the CFPB from within, the District Court for the District of Columbia granted a motion for preliminary injunction designed to preserve the...more
4/2/2025
/ Congressional Review Act ,
Consumer Financial Protection Bureau (CFPB) ,
Enforcement Actions ,
Financial Regulatory Reform ,
Mortgages ,
Overdraft Fees ,
Payday Loans ,
Popular ,
Preliminary Injunctions ,
Regulatory Reform ,
Trump Administration
As we discussed previously, the Consumer Financial Protection Bureau (CFPB) is facing a threat to its very existence, and this time, the call is coming from inside the house. After Acting Director Russ Vought and the...more
The District of Maryland rejected a plaintiff’s arguments that a debt collector’s verification of a debt in response to a letter refusing to pay, but disputing the debt, violated the cease communication directive under the...more
With an across-the-board freeze on all rulemaking, enforcement, and supervisory activities, and a potential mass lay-off in the works, the CFPB continues to make news. Here’s a recap of all that happened this past week at the...more
As we have highlighted previously (here and here), the Consumer Financial Protection Bureau (CFPB) has continued to undergo significant changes under the second Trump Administration. However, various interested parties have...more
2/19/2025
/ Congressional Review Act ,
Constitutional Challenges ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Enforcement Actions ,
Executive Orders ,
Federal Vacancies Reform Act ,
Financial Regulatory Reform ,
Overdraft Fees ,
Regulatory Reform ,
Rulemaking Process ,
Trump Administration
In a procedural decision, the U.S. Court of Appeals for the Fifth Circuit vacated the CARS Rule (officially, the Combatting Auto Retail Scams Trade Regulation Rule, sometimes known as the Vehicle Shopping Rule) which was...more
2/17/2025
/ CARS Rule ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Disclosure Requirements ,
Dodd-Frank ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Informed Consent ,
Rulemaking Process ,
State Attorneys General ,
Unfair or Deceptive Trade Practices
As we highlighted on Monday, the Consumer Financial Protection Bureau (CFPB) is currently facing an existential crisis as the Trump Administration and DOGE work to dismantle large parts of the consumer watchdog. Here’s what...more
2/17/2025
/ Consumer Financial Protection Bureau (CFPB) ,
Department of Justice (DOJ) ,
Employees ,
Enforcement Actions ,
Executive Appointments ,
Financial Institutions ,
Financial Regulatory Reform ,
Government Agencies ,
Presidential Nominations ,
Regulatory Oversight ,
Regulatory Reform ,
Termination ,
Trump Administration
A new acting director. Freezes on any rulemaking, enforcement, or supervisory activities. Attempts to dismantle the department from within. In the span of a short forty-eight hours, the CFPB has faced possibly the greatest...more
2/10/2025
/ Administrative Procedure Act ,
Consumer Financial Protection Bureau (CFPB) ,
Dodd-Frank ,
Elon Musk ,
Enforcement Actions ,
Executive Orders ,
Federal Budget ,
Federal Funding ,
Financial Regulatory Reform ,
Government Agencies ,
Legislative Agendas ,
Regulatory Agenda ,
Regulatory Reform ,
Trump Administration
As expected, the Trump administration formally terminated CFPB director Rohit Chopra over the weekend. And also as expected, President Trump used the Federal Vacancies Reform Act to appoint an acting CFPB Director—Treasury...more
2/4/2025
/ Consumer Financial Protection Bureau (CFPB) ,
Enforcement Actions ,
Executive Orders ,
Final Rules ,
Financial Regulatory Reform ,
Hedge Funds ,
Regulatory Agenda ,
Regulatory Freeze ,
Rulemaking Process ,
Trump Administration ,
U.S. Treasury
For almost two years, the Consumer Financial Protection Bureau (CFPB) has made combating so-called junk fees an agency priority, bringing multiple enforcement actions, undertaking supervisory activity, and collaborating with...more
With a new administration comes new priorities for federal agencies, and the Consumer Financial Protection Bureau (CFPB) is no different. During the Trump administration, the Bureau focused on “educating” consumers. Under...more