On August 7, President Donald Trump signed the “Guaranteeing Fair Banking for All Americans” executive order (EO) directing federal banking regulators to investigate financial institutions that have restricted access to...more
8/12/2025
/ Banking Sector ,
Consumer Financial Protection Bureau (CFPB) ,
Enforcement Actions ,
Executive Orders ,
FDIC ,
Federal Reserve ,
Financial Institutions ,
OCC ,
Regulatory Oversight ,
Regulatory Reform ,
Trump Administration
On July 10, the Massachusetts attorney general announced a $2.5 million settlement with a Delaware-based student loan company to resolve allegations that the company’s lending practices, including the use of artificial...more
7/15/2025
/ Algorithms ,
Artificial Intelligence ,
Consumer Protection Laws ,
Discrimination ,
Disparate Impact ,
ECOA ,
Fair Lending ,
Financial Services Industry ,
Lenders ,
Settlement ,
State Attorneys General
On May 16, 2024, the United States Supreme Court, in a 7-2 opinion authored by Justice Clarence Thomas, upheld the constitutionality of the funding mechanism of the Consumer Financial Protection Bureau (“CFPB” or “Bureau”)....more
5/21/2024
/ Appropriation ,
Constitutional Challenges ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Financial Protection Bureau v Community Financial Services Association of America Ltd ,
Federal Funding ,
Federal Reserve ,
Financial Services Industry ,
Regulatory Agencies ,
Regulatory Authority ,
SCOTUS