News & Analysis as of August 16, 2025

Biden Administration › Consumer Financial Protection Bureau (CFPB) › Non-Bank Lenders

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Trump signs resolution voiding CFPB large nonbank supervision rule

Ballard Spahr LLP on 5/22/2025

President Trump has signed a resolution nullifying the rule implementing the CFPB’s power to supervise large nonbank financial services providers of general-use digital consumer payment applications....more

Promissory Notes - Banking & Finance Insights: Issue 12, December 2022

Spilman Thomas & Battle, PLLC on 12/7/2022

US Senators Ask SoFi About Its Banking Law Compliance = “Four U.S. senators have signed a letter to SoFi Technologies CEO Anthony Noto expressing concerns about the online personal finance company and online bank’s digital...more

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