Regulatory Oversight, Consumer Financial Protection Bureau (CFPB), Civil Monetary Penalty

State attorneys general file second amicus brief challenging CFPB pause

Orrick, Herrington & Sutcliffe LLP on 3/3/2025

On February 21, a group of 23 state attorneys general (AGs) filed an amicus brief in support of the union representing CFPB workers in the union’s request for a preliminary injunction challenging the recent efforts to halt...more

CFPB seeks comment on its enforcement processes

Ballard Spahr LLP on 2/8/2018

The CFPB has issued a request for information that seeks comment on how the agency can best achieve meaningful burden reduction or other improvement in the processes it uses to enforce federal consumer financial law while...more

CFPB Update: January 2018

Burr & Forman on 1/30/2018

The Consumer Financial Protection Bureau (“CFPB” or “Bureau”) is a U.S. government agency created by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The CFPB is the first federal agency tasked solely with the...more

Orrick's Financial Industry Week In Review

Orrick, Herrington & Sutcliffe LLP on 1/26/2018

SEC Division of Investment Management Letter on Cryptocurrency Related Investment Products; Joint Statement by SEC and CFTC Enforcement Directors Regarding Virtual Currency Enforcement Actions - On January 18, 2018, in a...more

CFPB Sends Clear Message That FinTech Start-Ups Have Same Obligations as Established Companies

Bradley Arant Boult Cummings LLP on 10/3/2016

In a clear message to FinTech start-ups, on September 27, 2016, the Consumer Financial Protection Bureau (CFPB) ordered online lender Flurish, Inc. to pay $1.83 million in refunds and a civil penalty of $1.8 million for...more

Do We Want the CFPB to Regulate the Practice of Law?

Burr & Forman on 5/2/2016

On April 25, the Consumer Financial Protection Bureau (“CFPB”) entered into a Consent Order with a New Jersey debt collection law firm, Pressler & Pressler, LLP, and two of its managing partners, Sheldon H. Pressler, and...more