News & Analysis as of

Consumer Financial Protection Act (CFPA) State and Local Government Enforcement Actions

Orrick, Herrington & Sutcliffe LLP

CFPB to rescind state requirement to notify Bureau on CFPA enforcement

On May 21, the CFPB published a notice in the Federal Register withdrawing its procedures that required state officials to notify the Bureau when taking action to enforce the CFPA. The direct final rule, effective July 21,...more

Troutman Pepper Locke

Rescission of CFPB’s 2022 Interpretive Rule: A Shift in the Scope of State Enforcement Authority Under the CFPA

Troutman Pepper Locke on

On May 15, the Consumer Financial Protection Bureau (CFPB or Bureau) officially rescinded its May 2022 interpretive rule concerning the scope of state enforcement authority under § 1042 of the Consumer Financial Protection...more

Hudson Cook, LLP

The CFPB's Future is Unclear, but Its $42 Million Judgment Still Sends a Clear Message

Hudson Cook, LLP on

If we could use only one word to describe the future of the Consumer Financial Protection Bureau, I think most of us would agree on the word "uncertain." However, one thing seems certain to occur as we wait to see what will...more

Hogan Lovells

Retailer enters US$11 million settlement with CFPB and New York Attorney General for store credit card practices

Hogan Lovells on

On January 16, 2019, the Consumer Financial Protection Bureau (CFPB) and the New York Attorney General (NY AG) announced an US$11 million settlement with a large retail jeweler (Retailer) to resolve alleged violations of the...more

Ballard Spahr LLP

CFPB to look to state AGs for more leadership in enforcement arena

Ballard Spahr LLP on

In remarks yesterday at the winter meeting of the National Association of Attorneys General in Washington, D.C., Mick Mulvaney indicated that the CFPB will be looking to state attorneys general for “much more collaboration...more

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