News & Analysis as of August 16, 2025

Consumer Financial Protection Bureau (CFPB)

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A repository for the most well-read content on JD Supra at any given time, along with occasional roundups of popular content by specific topic. Also stop by for monthly recaps of hot articles for the previous... more +

CFPB’s repeal of two final rules leads to dismissal of two cases

Orrick, Herrington & Sutcliffe LLP on 5/27/2025

Recently, federal district courts dismissed two cases which challenged two final rules promulgated by the CFPB under the previous administration. Specifically, these dismissals came soon after President Trump repealed the...more

President Trump repeals two CFPB rules

Orrick, Herrington & Sutcliffe LLP on 5/19/2025

On May 9, President Donald Trump repealed two CFPB rules which were brought under the previous administration. The first action repealed the CFPB’s overdraft lending rule (S. J. Res. 18), which would have capped overdraft...more

President Trump Signs Resolution Nullifying CFPB Overdraft Fee Rule

Sheppard Mullin Richter & Hampton LLP on 5/16/2025

On May 9, President Trump signed a Congressional Review Act resolution repealing the CFPB’s final rule restricting overdraft fees at large financial institutions. The rule, originally finalized under the Biden administration,...more

CFPB Overdraft and Digital Payment Rules Repealed by Trump Administration

Holland & Knight LLP on 5/14/2025

President Donald Trump on May 9, 2025, signed into law measures to eliminate two CFPB rules established under the Biden Administration. The first rule repealed was the CFPB's Overdraft Rule, one aspect of the Biden...more

President Trump Signs Congressional Review Act Resolution Overturning CFPB Overdraft Rule

Troutman Pepper Locke on 5/13/2025

On May 9, the U.S. Senate Committee on Banking, Housing, and Urban Affairs announced that President Trump signed into law Chairman Tim Scott’s (R-SC) Congressional Review Act (CRA) resolution, effectively overturning the...more

Trump signs resolution nullifying CFPB overdraft rule

Ballard Spahr LLP on 5/13/2025

President Trump has signed a Congressional Review Act (CRA) resolution nullifying the CFPB’s controversial overdraft rule. ...more

CFPB's Overdraft Rule and Big Tech Payment Apps Rule Set for Repeal After Congressional Votes

Holland & Knight LLP on 4/11/2025

Among other significant rulemakings that the Consumer Financial Protection Bureau (CFPB) finalized in the waning days of the Biden Administration were 1) an overdraft fees final rule that applies to banks and credit unions...more

Republicans Invoke the CRA to Repeal Chopra-Era Rules

Goodwin on 4/8/2025

The Republican-led Congress has invoked the Congressional Review Act (CRA) in attempts to revoke final rules that former CFPB Director Chopra issued toward the end of Biden’s Administration....more

Dismantling the CFPB Officially on Hold and Other Bureau Updates

McGlinchey Stafford on 4/2/2025

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

Resolutions to nullify CFPB overdraft rule introduced in House, Senate

Ballard Spahr LLP on 2/28/2025

The Chairmen of the House and Senate committees with jurisdiction over banking issues have introduced Congressional Review Act resolutions to nullify the CFPB’s overdraft rule. House Financial Services Committee Chairman Rep....more

House Republicans may start Congressional Review Act process to nullify overdraft rule

Ballard Spahr LLP on 2/10/2025

House Republicans appear ready to start the Congressional Review Act (CRA) process to attempt to repeal the Biden Administration’s controversial overdraft rule....more

Leaning In: The CFPB Publishes Rule on Fees for Overdraft Services

Morrison & Foerster LLP on 1/8/2025

On December 30, 2024, the Consumer Financial Protection Bureau (CFPB) published a final rule that may dramatically change the way that certain large financial institutions offer overdraft services to consumers. Under the...more

The CFPB in 2025: What to Expect Following the Election

Husch Blackwell LLP on 11/8/2024

2024 has been an eventful year for the CFPB. As we detailed in June, the CFPB survived its second constitutional challenge at the Supreme Court in CFSA v. CFPB, and “[n]ewly emboldened, the CFPB’s already robust policy agenda...more

Trump Blocks CFPB Arbitration Rule, but the Story’s Not Over Yet

Polsinelli on 11/28/2017

President Donald Trump effectively stopped the Consumer Financial Protection Bureau’s (CFPB) so-called “arbitration rule,” signing legislation repealing the rule on Nov. 1. The rule would have prohibited providers of certain...more

Senate Strikes Down CFPB Arbitration Rule

Troutman Pepper Locke on 10/26/2017

The short-lived rule will likely be remembered as part of the Trump Administration’s dismantling of the Obama Administration’s legacy, and as continuing the trend of courts strictly enforcing agreements to arbitrate as...more

Congress Overrides CFPB Arbitration Rule

Ballard Spahr LLP on 10/25/2017

We are pleased to report that the U.S. Senate voted last night, 51 to 50, to override the Consumer Financial Protection Bureau's final arbitration rule. The rule would have prohibited the use of class action waivers in...more

Noreika-Cordray Dispute Escalates as Senate Nears Vote on CFPB Arbitration Rule

Ballard Spahr LLP on 10/18/2017

Since last summer, Acting U.S. Comptroller of the Currency Keith A. Noreika and CFPB Director Richard Cordray have exchanged polar-opposite views on whether the CFPB’s final arbitration rule should be repealed....more

In A Stunning Rebuke To CFPB, OCC Finds Arbitration Rule Will Significantly Increase Cost Of Consumer Credit

Ballard Spahr LLP on 10/2/2017

In a September 20 report, the Office of the Comptroller of the Currency (OCC) seriously undermined the integrity and completeness of the CFPB’s empirical study of consumer arbitration that purports to be the foundation for...more

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