The Consumer Financial Protection Bureau (CFPB) is inviting comment on whether the 2015 larger participant rule for automobile financing remains the right measure of market significance. Comments are due September 22, 2025....more
8/15/2025
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
Automotive Industry ,
Automotive Loans ,
Comment Period ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Lenders ,
Non-Depository Institutions ,
Proposed Rules ,
Regulatory Oversight ,
Threshold Requirements
The Consumer Financial Protection Bureau (CFPB) is inviting comment on whether its 2012 "larger participant" rule for the consumer reporting market continues to capture the most significant market actors in light of industry...more
8/15/2025
/ Comment Period ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Consumer Reporting Agencies ,
Fair Credit Reporting Act (FCRA) ,
Proposed Rules ,
Recordkeeping Requirements ,
Regulatory Oversight ,
Reporting Requirements ,
Rulemaking Process ,
Threshold Requirements
The Consumer Financial Protection Bureau (CFPB) is inviting comment on whether its "larger participant" rule for the consumer debt collection market, in place since 2012, should be updated to reflect changes in the market and...more
The Consumer Financial Protection Bureau (CFPB) is inviting comment on whether the 2014 larger participant rule for international money transfers should be revised to better reflect market conditions and supervisory...more
The California Department of Financial Protection and Innovation (DFPI) has released proposed regulations implementing the Digital Financial Assets Law (DFAL), creating a formal licensing regime for businesses engaging in a...more
4/23/2025
/ Comment Period ,
Cryptocurrency ,
Department of Financial Protection and Innovation (DFPI) ,
Digital Assets ,
FinTech ,
Licensing Rules ,
Money Transmission Act ,
NMLS ,
Proposed Rules ,
Public Comment ,
Regulatory Requirements
The FDIC has issued a proposed rule that would apply to practically all bank-fintech arrangements that use custodial deposit accounts to provide customers with transactional features (also called "FBO" accounts for short)....more
9/19/2024
/ Banking Sector ,
Banks ,
Comment Period ,
Compliance ,
Deposit Accounts ,
Depository Institutions ,
FBOs ,
FDIC ,
Financial Services Industry ,
FinTech ,
Proposed Rules ,
Recordkeeping Requirements ,
Reporting Requirements
On July 25, 2024, the federal banking agencies issued a joint statement flagging potential risks in bank-fintech arrangements, along with a request for public information (RFI) on the benefits, risks, and risk management...more
7/31/2024
/ Banking Sector ,
Comment Period ,
Compliance ,
Federal Bank Regulatory Agencies ,
Financial Institutions ,
FinTech ,
Joint Statements ,
Public Comment ,
Request For Information ,
Risk Assessment ,
Risk Management
The CFPB unveiled a far-reaching proposal to require certain nonbank financial firms to register with the CFPB on December 13, 2022, which is meant to enhance market monitoring and risk-based supervision efforts. The deadline...more
The Consumer Finance Protection Bureau ("CFPB") announced that it will examine nonbank financial companies that pose risks to consumers, using statutory authority that until now had gone unused. Additional examinations would...more